Experience a 220% Surge in Core DAO (CORE) Price:
Core DAO has skyrocketed by 220% in the last week, with a 63% increase in the past 24 hours, totaling a remarkable 350% surge in just nine days. This surge has pushed Core DAO to the 55th position among all cryptocurrencies based on market capitalization.
What Makes Core DAO Unique?
Core DAO operates on the Core blockchain, a Layer 1 platform compatible with the Ethereum Virtual Machine (EVM) that supports the Bitcoin network with a secondary BTC block reward. The Core blockchain stands out due to its innovative Satoshi Plus consensus mechanism, combining Bitcoin’s Proof-of-Work (PoW) with delegated Proof-of-Stake (DPoS) to address the blockchain trilemma effectively.
- The Core blockchain fosters inclusivity and community within the Web 3 ecosystem
- Features stake bridge, airdrops, and a mining app for enhanced engagement
- Focused on building Web3 infrastructure and supporting public chains based on Bitcoin’s Proof-of-Work consensus
Core DAO Market Statistics
Currently, Core DAO boasts a market capitalization of approximately $2.3 billion, with a trading volume of about $447 million in the last 24 hours. The circulating supply of CORE tokens stands at 875,161,702, out of a total maximum supply of 2,100,000,000 CORE tokens.
Drivers of CORE’s Remarkable Rally
The exponential surge in CORE’s price is driven by several key factors, including:
- Anticipation of the upcoming Bitcoin halving in 20 days
- Significant project announcements and developments
The impending launch of non-custodial Bitcoin staking on the Core Chain is expected to increase the Total Value Locked (TVL) and contribute to the rise in CORE’s price. Additionally, the introduction of coreBTC has played a vital role in Core DAO’s rally.
coreBTC Launch and Its Impact
The launch of coreBTC on the Core Chain allows users to securely bridge their BTC to a DeFi experience secured by Bitcoin on the Core Chain. This innovative initiative enables Bitcoin holders to participate in the DeFi space while maintaining the trustless and secure nature of Bitcoin, laying the foundation for Bitcoin’s integration into the future of DeFi through decentralized smart contracts and robust overcollateralization requirements.
Hot Take: Harnessing the Momentum
With Core DAO experiencing a phenomenal surge in price and market capitalization, now is an exciting time to explore the potential opportunities in this dynamic cryptocurrency. Stay updated on the latest developments and announcements from Core DAO to make informed decisions and take advantage of the momentum in the market.
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