Since the token’s launch on February 8th, $CORE (CORE DAO) has been moving higher every day. It is now poised to test levels considered to be a bullish sign. The first cryptocurrency to use the Satoshi Plus Consensus has attempted to rise every hour but has failed to definitively break above the $10 level over the last three days. However, the most recent test appears more promising. A bullish triangle pattern, which is about to be broken as we approach its apex, has been created by a succession of higher lows over the past 24 hours mixed with resistance around $5.
According to CoinMarketCap , there are currently 131,250,000 Cores in circulation, or 6% of the entire Core supply (2,100,000,000 CORE). The token’s market capitalization was $411,862,635 at the time, but its 24-hour trading volume declined by -9.90%. $152,195,435 worth of CORE was traded on centralized exchanges (this is a measure of how much of CORE was traded in the last 24 hours on a centralized exchange).
Since Core DAO’s mainnet launch on January 14th, it has piqued the interest of developers, users, and exchanges all around the world. Airdrops of CORE tokens to more than 1.2 million users were just launched by Core DAO about three days ago ( February 8th).
Despite having a mainnet launch, Core DAO’s ecosystem has a precarious base. Its developer ecosystem must mature for it to become the top public chain and see sustainable growth. The ecosystem development of CORE DAO needs to be watched more closely right now.
What is Core DAO?
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem’s history and an even greater excitement for Core’s role in its future.