Core DAO’s native token CORE has experienced a price increase while Bitcoin (BTC) has slumped below the $64,000 level. As of the latest data, CORE is trading at $1.41, marking a 5.23% gain over the past 24 hours. The token has seen a trading range between $1.36 and $1.50 during this period.
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Coinbase Announces CORE Listing, Driving Adoption and Price Surge
The primary catalyst for CORE’s price surge appears to be the announcement of its upcoming listing on Coinbase. According to a tweet by user BRAVO, Coinbase will begin trading CORE on June 21, 2024, at approximately 12 pm ET, provided liquidity conditions are met.
This listing on a major exchange is viewed as a major milestone for Core DAO, potentially exposing the project to a wider audience of investors and traders.
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Show more +Technical Analysis Suggests Bullish Outlook
Trader and analyst TraderLenny has provided insights into CORE’s technical outlook, noting that the price has successfully retested the April low as support. This successful retest, combined with the Coinbase listing announcement, has led TraderLenny to suggest that “the bottom is in” for CORE, barring any sudden downturn in Bitcoin’s price action.
The strength of CORE’s price performance is particularly notable given the current market conditions, where Bitcoin has experienced a downturn. While BTC has slipped below the $64,000 level, CORE has managed to buck the trend and post gains.
Read more: Analyst Shares the ‘Easiest 2x’ Trade on ONDO Crypto Price as Key Bullish Metric Continues to Rise
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