The Price of Satoshi Core (
CORE) a L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), saw a 12% uptick today after it broke out of a falling wedge pattern, eyeing a 50% surge amidst broader crypto momentum.
Satoshi core (CORE) since listing has been thriving lately and manage to withstand the sellers even after mainnet airdrop tokens were distributed. Core blochain has been thriving lately that it keeps striving to solve the blockchain trilemma in the crypto world.
Further accrediting to CORE’s authenticity, data from DeFilama shows about $545.2 Million has been locked in Total Value Lock (TVL) in the CORE ecosystem. This fundamental shows a growing interest and trust in the CORE ecosystem.
Technical Outlook
As of the time of writing, CORE is up 3% consolidating after the brief 12% sojourn. The 4-hour price chart shows a tendency for CORE to pull a 50% stunt in the short term as the market stabilizes. The RSI at 67 further hints at a trend continuation pattern as traders are looking for a clear-cut entry on the CORE chart.
What Is Core (CORE)?
Core (CORE) is built as an L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is powered by the “Satoshi Plus” consensus mechanism, which secures the network through a combination of delegated Bitcoin’s mining hash and delegated Proof-of-Stake (DPoS). The protocol is backed by its native token, CORE.