The price of $CORE has reached a record high of $6 in just under 48 hours since it started trading on Centralized Exchanges, although many analysts think its recent rise may be temporary.
The CORE DAO’s token (CORE) price surged by +17.15% to trade at $4.69 across exchanges as shown on the CoinMarketCap, a price-tracking website for cryptoassets.
Despite being officially released in less than 48 hours, the price and daily transaction volume of $CORE have drastically surged. The market capitalization of $CORE was $575.61 million at the time this report was written, with the trading volume over the previous 24 hours reaching $304 million.
Although the open mainnet debut was announced on January 14th, the official listing on CEX and the opening of trading commenced yesterday February 8th.
With the use of the Satoshi Plus consensus protocol, Core DAO aims to provide its users with a Decentralized, Safe, and Scalable ecosystem. For the network to be used to its full potential in the Decentraized Finance (DeFi) industry, the airdrop is an essential first step. Users can continue to support the protocol’s goals by staking after claiming their airdrop.
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.