CORE Surges 20% as Coinbase Adds the Token to Its Listing ‘Roadmap’

CORE's price rallied by over 20% following crypto exchange Coinbase's decision to add the crypto token to its listing 'Roadmap.'

CORE, the native token of the layer-1 blockchain CoreChain, has seen a price increase of over 20% in the last 24 hours. This is a significant price surge, especially considering the broader crypto market has seen a downturn with the prices of other major cap tokens, like Ethereum (ETH), dumping.

According to data from CoinGecko, CORE’s price has rallied by over 22% in the last 24 hours. The crypto’s price is now trading at $0.023 at the time of writing.

This price increase comes after crypto exchange Coinbase added CORE to its listing ‘Roadmap.’ This means that the exchange plans to list CORE at some point, although it hasn’t disclosed exactly when that will happen.

However, this is a positive development for the CORE ecosystem as it could gain more exposure and mass adoption from being listed on Coinbase.

CORE is the native token of the CoreChain, a layer-1 blockchain that runs on the Ethereum Virtual Machine (EVM). The network adopts a ‘Satoshi Plus’ consensus mechanism that combines Bitcoin’s proof-of-work (PoW) and Ethereum’s delegated proof-of-stake (DPoS) mechanism to achieve decentralization, scalability, and security.

CORE has had a good year so far, being one of the best-performing crypto assets among the top 100 coins by market cap with a year-to-date (YTD) gain of over 265%. This feat is more impressive considering that only three crypto tokens (Dogwifhat, PEPE, and Arweave) in the top 50 rankings have made more YTD gains than CORE.

Most of CORE’s price gains came in the weeks leading up to the Bitcoin halving, with the crypto’s price surging by over 220% in a single week. CORE’s interoperability with Bitcoin also gives it an edge, with the network launching ‘CoreBTC,’ which allows users to bridge their BTC tokens to the network and tap into the liquidity on the flagship network.

Coinbase’s decision to add CORE to its listing roadmap follows its recent listing of XRP and BONK for its New York customers. The exchange’s decision to relist XRP was interesting, considering it had delisted the crypto token in 2021, shortly after the legal battle between the Securities and Exchange Commission (SEC) and Ripple began.

BONK’s listing, on the other hand, had many in the crypto community wondering when the exchange will also list meme coins, Dogwifhat, and PEPE. Coinbase’s hesitation to list these two meme coins continues to be a surprise, given that they are the fourth and third-largest meme coins by market cap, respectively.

Coinbase also announced that its international exchange will add support for Bonk, Floki, and Shiba Inu perpetual futures on its platform and Coinbase Advanced. Meanwhile, Coinbase Derivatives will launch futures contracts for Dogecoin on its platform.