The digital asset market has seen a roller coaster of a week, with prices fluctuating wildly. One of the assets that has been particularly affected is the $CORE coin, which has been in a bearish trend for the past week.
The primary cause of the bearish trend can be attributed to the market’s reaction to the recent news of a potential hard fork of the $CORE coin blockchain. The hard fork of the $CORE in the blockchain is a process of upgrading the blockchain protocol. The news caused uncertainty and fear amongst investors, leading to a selloff of the asset. This, in turn, caused the bearish trend to take shape over the past week.
Today, however, the coin has seen a marginal gain of 6%, which can be attributed to the news that the hard fork has been delayed. This news has provided a sense of relief to investors, leading to a slight increase in the price of the asset. With the hard fork now delayed, the bearish trend may be coming to an end, and the coin may soon see a return to more normal trading conditions.
In addition, this marginal gain of +6% is a positive sign for the crypto currency market, an indication of confidence by the investors in the potential of the coin. Cryptocurrency investors are feeling positive about the increase in the price of the $CORE coin. Many investors are confident that the coin will continue to increase in value and are looking to capitalize on the potential gains. Additionally, the increase in the price of the $CORE coin is seen as a sign of the strength of the cryptocurrency market as a whole.
Overall, the sentiment of cryptocurrency investors is positive following the 6% increase in the price of $CORE coin. Investors are confident that the currency will continue to increase in value and are looking to capitalize on the potential gains. This sentiment is seen as a sign of the strength of the cryptocurrency market as a whole.
What is Core DAO?
Core DAO is a decentralized autonomous organization (DAO) that provides a governance and economic framework for the development of decentralized applications (dApps). It is designed to enable developers and users to create, deploy, and manage dApps in a secure and decentralized manner. Core DAO uses a token-based system to incentivize developers and users to participate in the network, and it also provides a platform for developers to create and launch their own dApps.
