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The Core price has skyrocketed by 92% in the past week to trade at $2.63 as of 7:40 p.m. EST, making it the top gainer for the week among the largest 100 cryptos by market capitalization.
Core is also the the top monthly gainer with a 287% surge, leaving Dogwifhat (WIF) and Pendle (PENDLE), each with gains of just over 100%, trailing in its wake. CORE’s market cap stands at about $2.3 billion.
A flurry of announcements may be behind its price rise. These include:
•The $5 million Core Africa Innovation Fund
•The Core Venture Network’s $15 million investment in regional ecosystem funds in Africa, Latin America, and Southeast Asia.
•A partnership with ZAN, the Web3 arm of Ant Digital Technologies, to be a validator on Core Chain
•CoreDAO setting up an NFT marketplace on its blockchain platform
Core Price Bulls Indicate Resilience On 50 SMA Support
COREUSDT Analysis By Tradingview
The Core price indicates a rebound after the decline from its all-time high following a prolonged downtrend. The support zone at $0.6648 has empowered bulls to drive the price to a $4.3 resistance point.
Despite the rejection at this point, the bullish investors have proven resilient, rebounding on the support level at $2.21.
The bulls have managed to push the price above the 50 and 200 simple moving averages (SMAs) on the 4-hour chart. However, to further strengthen the bullish momentum, they may need to push the price higher to reclaim its all-time high (ATH) at $6.14.
The Relative Strength Index (RSI) also indicates a rebound at 43 below the midline level of 50 to around 52. If momentum continues to increase, we could see the RSI entering the overbought zone, confirming the ongoing rally.
Core Price Poised For Another Bull Rally
The Core price indicates a general upward trend. The support zone at $2.21 catalyses the bullish momentum, helping the bulls drive the price higher to reclaim the All-Time High (ATH).
However, if bears regain control, the price could slip back below the 50 SMA, retracing towards the support level of $1.3730, which coincides with the 200 SMA.
The Next 100X Return On Investment Gem?
Investors are rushing to diversify their portfolios with 5thScape (5SCAPE), an exciting venture in augmented and virtual reality and blockchain technology.
VR is the future. Learn how the University of National Horizons Centre is Leveraging VR & MR.#VR pic.twitter.com/PKBVqVYUwf
— 5th Scape (@5th_scape) March 20, 2024
The project aims to revolutionize gaming, education, and entertainment through its innovative AR/VR mixed-reality crypto platform.
5thScape is currently in its 4th presale stage and has already surpassed the $4 million mark as it races towards it $5 million goal.
🚀 Our presale has surged past stage 3!
🌐 Join us now and delve into a world of virtual reality with our multi-utility token.
🎉 Don't miss out on being part of our vibrant community! #cryptocrash #cryptocrash #Wormhole #cryptocurrency #5thScape #Presale #4thstage 🌟 pic.twitter.com/QeznEVAvFJ
— 5th Scape (@5th_scape) April 4, 2024
The team behind 5thScape is working on launching a P2E gaming project that promises adrenaline-pumping battles, precision archery, high-speed racing, and immersive sports experiences.
With games like MMA Cage Contest, Thrust Hunter, and Archery Master in the pipeline, there’s a lot of excitement surrounding this project’s potential.
According to 99Bitcoins, a crypto YouTube channel with more than 700k subscribers, 5SCAPE is among the top cryptos with the potential to skyrocket by 100X in value after its official launch.
With less than 38 hours remaining before a price hike, interested investors should act soon to secure the best deal. Those who buy now can lock in gains of 250% before 5SCAPE lists at the price of $0.01.
Buy 5SCAPE using ETH, MATIC, USDT, or BNB on the official website here.
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