Coinbase Fuels 20% Surge in CORE Cryptocurrency, Sparks Mass Adoption Speculation

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The domestic cryptocurrency CoreChain’s parent coin, CORE, has taken an unexpected upward trajectory, soaring by over 20% in the last 24 hours and bucking an otherwise downtrodden trend across the broader cryptosphere, including the unignorable slump of heavyweight Ethereum (ETH).

Quiet whispers have started to become excited chatter after the leading U.S-based cryptocurrency exchange Coinbase made the strategic decision to include CORE onto its exclusive listing ‘Roadmap’. Though the precise date for the listing remains shrouded in mystery, the move is already seen as a hefty shot in the arm for the CORE ecosystem, whose future now glimmers with the promise of increased exposure and the likelihood of mass adoption.

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CORE is uniquely powered by the Ethereum Virtual Machine (EVM) compatible layer-1 blockchain CoreChain. It has piqued the interest of crypto enthusiasts by embracing the ‘Satoshi Plus’ consensus mechanism, an intriguing hybrid blend of Bitcoin’s proof-of-work (PoW) alongside Ethereum’s delegated proof-of-stake (DPoS) mechanism. This rare combination addresses the lingering blockchain trilemma of decentralization, scalability, and security.

Ranking comfortably within the top 100 coins by market cap, CORE has something to celebrate, boasting a year-to-date (YTD) gain of over 265%. Few crypto tokens have been able to outshine CORE, with only Dogewifhat, PEPE, and Arweave edging ahead in the race of YTD gains.

A significant amount of CORE’s growth projected came from the heated weeks preceding the Bitcoin halving, where the fledgling crypto’s price astonishingly skyrocketed by more than 220% within a single week. Additionally, CORE’s streamlined interoperability with Bitcoin has amassed it a robust following. The network’s launch of ‘CoreBTC’ enables users to transition their BTC tokens to the network, tapping into the liquidity reservoir of Bitcoin, the flagship network.

Coinbase recently went on a listing spree, re-introducing the XRP crypto token and incorporating BONK for its New York clientele. The unexpected relisting of XRP came as a surprise to many, given the platform had delisted it just a year prior amidst the ongoing legal feud between the Securities and Exchange Commission (SEC) and Ripple.

Coinbase’s listing of BONK raised numerous curious eyebrows and triggered speculation regarding the possible future inclusion of meme coins, Dogwifhat and PEPE. The platform’s reluctance towards these two meme coins, despite their solid ranking as the fourth and third largest meme coins by market cap respectively, continues to bemuse many.

Apart from that, Coinbase International Exchange also divulged its plans to endorse Bonk, FLOKI, and Shiba Inu perpetual futures on both its primary and advanced platforms. It further spiced the pot by setting May 30th as the official kick-start date for trading. Also enriching its offerings is Coinbase Derivatives, tempting tantalizingly with futures contracts for the prime meme coin, Dogecoin.