Core Worth Soars 20% on Coinbase List Roadmap Inclusion

Cryptocurrency exchange Coinbase has announced the inclusion of Core (CORECHAIN) on its listing roadmap, sparking a significant price surge. As of press time, the Core price has jumped, securing the top gainer according to CoinMarketCap data.

This update comes with other significant listings by Coinbase, expanding its list of supported cryptocurrencies.

Coinbase Expands Its Cryptocurrency Catalog

Coinbase has officially created the likelihood of listing Core on their exchange by including it on their listing schedule. While this does not necessarily lock in a final listing, it has been the case that every single cryptocurrency listed on Coinbase’s roadmap has been listed.

Core, which runs on a layer-1 blockchain network that is compatible with the EVM, allows the execution of Ethereum smart contracts and the use of decentralized applications. This compatibility may extend its use and popularity in the crypto market.

Assets added to the roadmap today: Core (CORECHAIN)https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️📞 (@CoinbaseAssets) May 24, 2024

The Core network is notably protected by the “Satoshi Plus” consensus algorithm, which combines authorized Bitcoin mining hash power with Delegated Proof-of-Stake (DPoS).

This new concept is intended to enhance network security and performance. Since the launch of its mainnet in January 2023, Core has risen in rank to become the sixty-fifth largest cryptocurrency across the globe by market capitalization, which stands at $1,705,602,554. However, Core is not currently traded on Binance but can be found on other exchanges such as Bybit and OKX.

CORE Price Surges 20%

This announcement has put upward pressure on the Core price in the last 24 hours as the market responded positively to the news surging over 20% and exchanging hands at $1.96. This listing roadmap inclusion is a part of the firm’s expansion plan, which aims to provide its users with various tokens and coins, including meme coins and major cryptocurrencies.

Similarly, there have been recent listings like Solana-based meme coin Bonk (BONK) for trading in New York as well as Coinbase’s continuous support for various digital assets despite ongoing discussions and regulatory actions regarding certain assets such as XRP.

Moreover, perpetual futures contracts for Shiba Inu (SHIB), FLOKI, and BONK will be launched by Coinbase on May 30 on its Coinbase International Exchange and Advanced platforms.

Read Also: Robinhood CEO Confirms Readiness To List Spot Ether ETF

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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.