Token

Core

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The most recent update is that the Core team has successfully developed a Bitcoin-to-EVM HTLC atomic swapping protocol.</a> </li> 
 <li> <span>2</span> <a>The total value of Bitcoin staked on Core has now exceeded $20M, indicating that this trillion-dollar asset is being well adopted by the community.</a> </li> 
</ul>  
<p>Core DAO on the X platform has released a new developers dispatch that provides an overview of the latest updates on the core chain and other news.&nbsp;</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">New Devs Dispatch is here! Issue #6 dives into the latest updates on Core Chain, news, developer insights, and more. <br><br>Read all about it here <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/tsHFQJ6XRB">https://t.co/tsHFQJ6XRB</a> <a href="https://t.co/xy5c9lEyM7">pic.twitter.com/xy5c9lEyM7</a></p>— Core DAO 
  <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Coredao_Org) <a href="https://twitter.com/Coredao_Org/status/1788921532267340242?ref_src=twsrc%5Etfw">May 10, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
<p>The most recent development update from the Core team is that they have successfully completed the development of a Bitcoin-to-EVM HTLC atomic swapping protocol. They are now working on creating a user-friendly interface that will allow fully decentralized cross-chain swaps between Core EVM and the Bitcoin blockchain.</p> 
<h2 class="wp-block-heading" id="strong-what-are-the-recent-updates-on-the-core-chain-strong"><strong>What are the Recent Updates on the Core Chain?</strong></h2> 
<p>The Core Ignition incentive program for participants on Core Chain has been updated with the introduction of Sparks. This dynamic measure of on-chain contributions aims to encourage users to actively engage with the network and earn rewards for their involvement in growing and strengthening the Core ecosystem.</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">1/ Following the Spark introduction, for the next two weeks there's a Spark Multiplier – 5x for holding <a href="https://twitter.com/search?q=%24aBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$aBTC</a> on Core Chain! Explore <a href="https://twitter.com/search?q=%24aBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$aBTC</a>, a fully-functional SIP010 token from <a href="https://twitter.com/ALEXLabBTC?ref_src=twsrc%5Etfw">@ALEXLabBTC</a> and multiply your daily Sparks, enhancing your ranking in the Core Ignition Drop. <a href="https://t.co/UilQvwXOaS">pic.twitter.com/UilQvwXOaS</a></p>— Core DAO 
  <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Coredao_Org) <a href="https://twitter.com/Coredao_Org/status/1786104581413372249?ref_src=twsrc%5Etfw">May 2, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
<p><a href="https://www.thecoinrepublic.com/2022/09/17/number-of-small-bitcoin-holders-marks-a-new-high/" target="_blank" rel="noreferrer noopener">Bitcoin holders</a> have started embracing the native Bitcoin staking feature launched on Core a few weeks ago. The total value of Bitcoin staked on Core has now exceeded $20M, indicating healthy traits that this trillion-dollar asset is being well adopted by the community.</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Another 100 BTC have been delegated in just 2 days on <a href="https://t.co/c3Up2MSNfP">https://t.co/c3Up2MSNfP</a>, bringing our total to ~300 BTC. Let’s go! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3ce.png" alt="🏎" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/Coredao_Org?ref_src=twsrc%5Etfw">@Coredao_Org</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://t.co/SkX1i6JGPa">https://t.co/SkX1i6JGPa</a> <a href="https://t.co/HT3ZT85F3p">pic.twitter.com/HT3ZT85F3p</a></p>— Belle (@Core_Belle) <a href="https://twitter.com/Core_Belle/status/1787686214419857610?ref_src=twsrc%5Etfw">May 7, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
<p>Moreover, as per the devs dispatch, at the recent Token 2049 conference held in Dubai, Rich Rines, an Initial Core contributor, delivered a keynote presentation on how Core has worked towards unlocking the $1 trillion worth of trapped value in Bitcoin.&nbsp;</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Core Chain explained by contributor <a href="https://twitter.com/richrines?ref_src=twsrc%5Etfw">@richrines</a> at <a href="https://twitter.com/token2049?ref_src=twsrc%5Etfw">@token2049</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/NyikqCqrz9">pic.twitter.com/NyikqCqrz9</a></p>— Core DAO 
  <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Coredao_Org) <a href="https://twitter.com/Coredao_Org/status/1788652855731081428?ref_src=twsrc%5Etfw">May 9, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
<h3 class="wp-block-heading" id="strong-unfolding-core-price-vs-volatility-metric-strong"><strong>Unfolding, Core Price Vs Volatility Metric</strong></h3> 
<p>This chart exhibits the contrast between the CORE crypto’s volatility and price movement. On examination, it shows that the Core crypto has witnessed tremendous growth in earlier sessions up to April 2nd, 2024. However, afterward, the chart price shows that it failed to jump the supply level and faced massive declines, and with that volatility has declined too. It exhibits that the volatility is lower, and the CORE crypto price is near the support, illustrating stability in the price.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price (CORE), Price Volatility 1w (CORE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=core-dao&amp;pt=CORE&amp;df=2023-10-02T00%3A00%3A00.000Z&amp;dt=2024-05-04T18%3A29%3A59.957Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bprice_volatility_1w&amp;wax=0%3B1&amp;wc=%2326C953%3B%23FF5B5B&amp;ws=%3B" scrolling="no"></iframe> 
<p>Moreover, the Core crypto seems comfortable at recent price support levels, which shows that no significant price movement has happened in the recent week. N the bulls need to improve their ground to increase the price.</p> 
<h3 class="wp-block-heading" id="strong-unveiling-price-aspects-for-coming-sessions-strong"><strong>Unveiling Price Aspects for Coming Sessions</strong></h3> 
<p>The CORE crypto has experienced a surge of 1.20% in the last 24 hours, trading at $1.614, and is facing major resistance via a declining trendline.</p>    
<p><a href="https://in.tradingview.com/chart/COREUSDT/fvrd5ibL-CORE-asset-price-increase/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a></p>  
<p>Therefore, if the buyers’ demand for the CORE asset price increases, it could bounce back from the current level. The next target for the price could be to reach $2.10 and $2.80.</p> 
<p>However, if the CORE crypto price fails to stay above the $1.35 level, it could decline further and reach lows towards $1.00.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The Core DAO on the X platform has released a new developers dispatch that provides an overview of the latest updates on the Core Chain and other news. The most recent update is that the Core team has successfully developed a Bitcoin-to-EVM HTLC atomic swapping protocol. They are now working on creating a user-friendly interface that will allow fully decentralized cross-chain swaps between Core EVM and the Bitcoin blockchain.&nbsp;</p> 
<p>Moreover, Rich Rines, an Initial Core contributor, delivered a keynote presentation at the Token 2049 conference in Dubai. Meanwhile, on its daily chart, the CORE crypto has experienced a surge of 1.20% in the last 24 hours, trading at $1.614, and is facing major resistance via a declining trendline. If the buyers’ demand for the CORE asset price increases, it could bounce back from the current level. However, if the price fails to stay above the $1.35 level, it could decline further and reach lows towards $1.00.</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Can It Demonstrate A Rally Amidst Optimistic News Around Core Chain?

Table of Contents

Thecoinrepublic.com

Other articles published on May 11, 2024

Prospects on where Bitcoin may be Heading: Expert Insights from Alessio Rastani and Gareth Soloway

J.P Morgan, Wells Fargo hold Bitcoin now: Why are they interested in BTC?

Analyst Davie Satoshi Claims Shiba Inu to Achieve 30X Returns

SHIB Price Prediction for May 11

JPMorgan Reports $760K Spot Bitcoin ETF Holdings Even As CEO Jamie Dimon Called For Shutting Down...

Dogecoin’s Recent Market Performance

Join our free newsletter for daily crypto updates!