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CORE Enters the Top 50 After Rallying by 313% In Seven Days

Twitter icon  •  Published 6 months ago  •  Hassan Maishera

CoreDAO’s CORE is the best performer amongst the top cryptocurrencies by market cap, adding 313% to its value in the last seven days and now occupies the 42nd spot in the market.

TL;DR

  • CORE is the best performer amongst the top 50 cryptocurrencies by market cap, up by 38% in the last 24 hours.

  • It is up by 313% in the last seven days as investors get excited about the project ahead of the Bitcoin halving.

CORE Leads the Market Charge With a 313% Rally

CORE, the native coin of the CoreDao ecosystem, is the best performer amongst the top 100 cryptocurrencies by market cap in the last 24 hours. In a sea of red, CORE is the green that lightens the market.

The coin added 38% to its value in the last couple of hours, outperforming the broader crypto market in the process. In the last seven days, CORE added over 300% to its value, catapulting it into the top 50 half of the market.

Thanks to its ongoing rally, CORE is now the 42nd largest cryptocurrency by market cap. At press time, CORE is trading at $3.81 per coin and has a market cap of $3.3 billion.

The primary catalyst behind CORE’s rally is the upcoming Bitcoin halving event. CoreDAO is a Bitcoin-powered, EVM-compatible blockchain that combines delegated Proof-of-Work and delegated Proof-of-Stake.

The CoreDAO ecosystem is excited about the upcoming Bitcoin halving as it could lead to further adoption of the CoreDAO blockchain. 

Furthermore, CoreDAO recently launched the Core Journey Campaign in partnership with MultiBit and Bistable, allowing community members to win prizes by completing certain tasks.

BTC, ETH Underperform

CORE’s rally comes as Bitcoin and Ether record huge losses. BTC is down by more than 5% in the last 24 hours and is currently trading at $66,864 per coin. Meanwhile, Ether has lost more than 6% of its value during that period and currently trades below $3,400.

With the broader market underperforming, the total cryptocurrency market cap has dropped to $2.5 trillion, down by 6% in the last 24 hours.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.