Core

April

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CORE, a layer 1 token, is up by over 300% weekly despite the market’s notable liquidation on Tuesday.&nbsp;
<a href="https://crypto.news/price/core/" rel="noopener noreferrer nofollow">CORE</a> became the largest gainer in the market over the week, becoming the only token to see three-digit gains this week, as the overall market is experiencing significant corrections. After the Easter break, an $85.7 million net outflow from <a href="https://crypto.news/why-is-crypto-down-today-the-start-of-outflows/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> saw the cryptocurrency dip 5% today, as other altcoins followed suit.&nbsp;
However, <a href="https://crypto.news/core-surges-70-key-indicator-shows-signs-of-incoming-selloff/" rel="noopener noreferrer nofollow">CORE’s</a> market performance remains unphased as the token’s daily trading volume surged nearly 70% today. The rally is mainly attributed to several upgrades to the Core network.
Earlier today, Core announced a new <a href="https://twitter.com/Coredao_Org/status/1775103314763358425" target="_blank" rel="noopener noreferrer nofollow">NFT marketplace</a> on the network, and yesterday, the network’s DAO announced a new <a href="https://twitter.com/Ccredao_Org/status/1775013800900747581" target="_blank" rel="noopener noreferrer nofollow">airdrop</a> as a part of its new defi reward mechanism.&nbsp;
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 1/ &nbsp;<a href="https://twitter.com/wizardgallery_?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@wizardgallery_</a>&nbsp;has arrived on Core Chain! A unique NFT marketplace designed for the Core ecosystem, where digital art meets blockchain security and scalability. <a href="https://t.co/gSclWgOLa0" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/gSclWgOLa0</a>— Core DAO 🔶 (@Coredao_Org) <a href="https://twitter.com/Coredao_Org/status/1775103314763358425?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 2, 2024</a>
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You might also like: <a href="https://crypto.news/why-is-crypto-down-today-the-start-of-outflows/" rel="noopener noreferrer nofollow"> Why is crypto down today? The start of outflows </a>
 Last week, the Core Foundation introduced coreBTC, a Bitcoin-secured and EVM-compatible asset on the network, designed to bridge Bitcoin with the defi ecosystem.&nbsp;
<a href="https://coredao.org/explore/blog/66" target="_blank" rel="noopener noreferrer nofollow">CoreBTC</a> is an ERC-20 token that maintains a 1:1 peg with Bitcoin, enabling holders to engage with defi applications without compromising Bitcoin’s inherent security features.
The token leverages a decentralized network of various roles for security. It integrates into the EVM ecosystem, offering a trustless mechanism for wrapping assets. The goal is to diversify Bitcoin’s utility and broaden participation in the defi space.
These factors contributed mainly to CORE’s latest rally.&nbsp;
Read more: <a href="https://crypto.news/ethereum-dips-steeper-drop/" rel="noopener noreferrer nofollow"> Ethereum’s dip under $3.4k could signal steeper drop </a>

CORE surges by 300% despite wider market liquidation

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