As a researcher with experience in the cryptocurrency market, I find Coinbase’s announcement of Core (CORECHAIN) being added to its listing roadmap an exciting development. The subsequent price surge is not unexpected given the historical significance of such announcements for the cryptocurrencies involved.
Coinbase, a prominent cryptocurrency exchange, has revealed its plans to add Core (CORECHAIN) to its platform, leading to a substantial increase in the digital currency’s value. At present, the Core price has spiked, placing it at the top of the list of gainers based on CoinMarketCap’s statistics.
As a crypto investor, I’m excited to share that Coinbase has announced new listings, broadening their selection of cryptocurrencies available on the platform.
Coinbase Expands Its Cryptocurrency Catalog
As a researcher, I’ve noticed an exciting development regarding Coinbase’s potential listing of Core. The exchange has recently added this cryptocurrency to their public listing schedule. Although this doesn’t guarantee a final listing, history shows that every digital asset mentioned on Coinbase’s roadmap has eventually been listed.
Core, functioning on an EVM-compatible layer-1 blockchain platform, facilitates the operation of Ethereum smart contracts and enables the utilization of decentralized applications. The extended compatibility with Ethereum could expand its reach and appeal within the cryptocurrency realm.
Assets added to the roadmap today: Core (CORECHAIN)
— Coinbase Assets (@CoinbaseAssets) May 24, 2024
The Core network’s security is enhanced by the “Satoshi Plus” consensus mechanism, which merges validated Bitcoin mining computational power with Delegated Proof-of-Stake (DPoS).
This innovative idea aims to bolster both network security and performance. Following its mainnet debut in January 2023, Core has climbed the ranks to secure a place among the top 65 cryptocurrencies by market capitalization, currently valued at $1,705,602,554. However, Binance does not support Core trading as of now; it can be accessed on alternative exchanges like Bybit and OKX instead.
CORE Price Surges 20%
The announcement caused the Core price to rise significantly in the past 24 hours, as investors reacted favorably to the news and drove up the value by over 20%, reaching a new level of $1.96. This development is part of the company’s strategic growth plan to offer its users a diverse range of tokens and coins, including popular meme coins and well-known cryptocurrencies.
In a similar vein, there have been new listings on the New York market, including Bonk (BONK), a meme coin built on the Solana blockchain. Additionally, Coinbase has continued to provide support for numerous digital assets, even amid ongoing debates and regulatory actions concerning certain tokens, such as XRP.
On May 30, Coinbase will introduce perpetual futures contracts for Shiba Inu (SHIB), FLOKI, and BONK on both its Coinbase International Exchange and Advanced trading platforms. This means that investors can now trade these cryptocurrencies with leverage using a perpetual contract format.
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2024-05-25 01:06