The native token of the layer-1 Core ecosystem, CORE, has seen a significant surge of 70%, making it the top gainer among the leading 100 cryptocurrencies. The current price of CORE is $2.8, reaching a level not seen since March 2023. The market cap of the asset has risen to $2.45 billion, positioning it as the 54th largest cryptocurrency.
Notably, CORE is still down 58% from its all-time high, standing at $6.47 on Feb. 8, 2023. The daily trading volume of CORE has increased by 145%, reaching $433 million, with a significant portion of the trading volume coming from OKX.
As for the technical analysis, the Relative Strength Index (RSI) for CORE has surged from 30 to 91, indicating that the token is currently in the overbought zone. This condition may lead to high price volatility as investors consider taking short-term profits amidst uncertain market conditions.
Despite this, the overall sentiment towards CORE remains positive, with the asset's weighted sentiment standing at 1.71 according to Santiment data.
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