In this article, we will review the current market status of Core (CORE), its key features, and forecast its price for 2024 based on technical analysis.
Core (CORE) Current Market Status
As of 2023, the current price of Core (CORE) is $1.08. In the last 24 hours, the price has increased by 10.56%, with a trading volume of $83,084,208 and a market cap of $984,522,201. The circulating supply is 910,618,427 CORE coins. The all-time high was recorded at $6.47 on February 8, 2023, and the all-time low was $0.3432 on November 3, 2023.
What is Core (CORE)?
Core (CORE) is designed as an L1 blockchain compatible with the Ethereum Virtual Machine (EVM), allowing it to run Ethereum smart contracts and decentralized applications (dApps). The Core network operates on the “Satoshi Plus” consensus mechanism, which combines delegated Bitcoin mining hash with delegated Proof-of-Stake (DPoS). The platform's native token, CORE, supports the protocol. The blockchain was launched in January 2023 and is governed by a decentralized autonomous organization (DAO).
Core (CORE) 2024 Technical Analysis
The chart below showcases a descending channel pattern characterized by two parallel trendlines. If the current trend continues, the price of Core (CORE) may reach resistance levels of $1.555, $1.6551, and $2.4420. On the other hand, a trend reversal could result in the price dropping to a support level of $0.7730. Additionally, the resistance and support levels for Core (CORE) in 2024 are as follows: $1.1562 (resistance level 1), $1.6669 (resistance level 2), $0.7783 (support level 1), and $0.5398 (support level 2).
According to technical analysis, the price of Core (CORE) in 2024 could reach $6.9169 in a bullish scenario or fall to $0.4733 in a bearish one. Continued positive momentum and improved investor sentiment may help the price reach $10.
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