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The Core price soared 56% in the past 24 hours to trade for $2.2857 as of 03:40 a.m. EST on trading volume that skyrocketed 256%.
Core is a Bitcoin-powered, EVM-compatible blockchain that combines delegated Proof-of-Work (PoW) and delegated Proof-of-Stake (PoS).
The surge comes as the Core Foundation is hosting a private event at the Token2049 in Dubai for Bitcoin-aligned projects coming together in real life to drive conversations about building on Bitcoin and scaling it.
Core Foundation is hosting a private, invite-only event at @Token2049. BITCOIN SOCIAL is all about Bitcoin-aligned projects coming together in real life to drive conversations about building on Bitcoin and scaling it.
Would your project like to join?👇https://t.co/JNGypXkucd
— Core DAO 🔶 (@Coredao_Org) April 15, 2024
Core Price: Technical Analysis
From a technical standpoint, the Core price is yet to show its hand, amid an ongoing tug-of-war between the bulls and bears. This is seen with the altcoin’s price oscillating along the midline of the market range marked by the 50% Fibonacci placeholder of $2.4587.
The Relative Strength Index (RSI) is also just above the 50 mean level, a rather neutral stance accentuated by the Awesome Oscillator (AO) which remains thinly in positive territory.
Investors looking to open new long positions for the CORE price should wait for the RSI to show its next hand after testing the 50 mean level.
In the meantime, the likely play is that the Core price will extend the fall, potentially as low as the $1.3432 before a recovery. The RSI is southbound, a sign of falling momentum, reinforced by the red histograms of the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD).
The position of the MACD below the orange band of its signal line also accentuates the gloomy outlook, suggesting a growing bearish cycle.
In a dire case where the $1.3432 support fails to hold, the Core price could extend the fall to the base of the market range at $0.5400.
TradingView: CORE/USDT 1-day chart
Converse Case
If the bulls take the day by overpowering the sellers, the Core price could reclaim above the 50% Fibonacci, with a flip of this roadblock into support at $2.4587 encouraging more bulls to the scene. For a clear directional bias, however, the price must ascend to close above $3.7884. This would constitute a climb of nearly 65% above current levels.
Nevertheless, while the Core price moves without any clear directional bias, forward-looking investors are looking at DOGEVERSE ahead of International DOGE Day.
The multichain Dogecoin presale is the latest sensation among dog-themed tokens, with experts impressed by how it’s already raised upwards of $5.3 million in slightly more than a week.
Doge Day coming on April 20 will be a huge occasion for Dogeverse, as the hype around all things Dogecoin reaches fever pitch, against the backdrop of the Bitcoin halving to boot.
Promising Alternative To CORE
DOGEVERSE powers the Dogeverse ecosystem, a project that delivers to users a multi-chain asset that promises to unify the blockchain communities.
The chains targeted by DOGEVERSE are a mixture of Layer 1s like Ethereum, Avalanche, Solana, and BNB Smart Chain, alongside Layer 2s such as Polygon and Base. It’s safe to say that Dogeverse has got every angle covered.
Dogeverse is already live on Ethereum, BNB Smart Chain, Avalanche and Polygon, but has Solana and Base in the works for launch day. This multi-bridge utility is a massive extension to the power of the Doge universe.
While there are multi-chains already in the industry, none are as expansive and interconnected as Dogeverse plans to be. The token is inserting itself into a narrative that is concentrating minds on the widening opportunities of meme coins being spun up on multiple chains.
Investors can also buy $DOGEVERSE tokens and stake them to earn an annual return of 192%. Upwards of 8.327 billion DOGEVERSE tokens are already staked.
The Dogeverse mascot is known as Cosmo the Doge, a cute little mutt “born with the unique ability to hyper jump between the stars of the crypto universe.”
Cosmo aims to unite #Crypto meme fans, leading the multi-chain charge. 🚀
Across six #Blockchains, Cosmo illuminates #DEX, #CEX, and meme hubs. 💫
Through intergalactic alignment, Cosmo reshapes the definition of what's trending on @DEXToolsApp! 🔥 pic.twitter.com/xcZvl74rX9
— DogeVerse (@The_DogeVerse) April 15, 2024
Each DOGEVERSE token is currently selling for $0.000296, a price tag that will last for less than two days before another hike.
Also Read:
- How to Buy Dogeverse – $DOGEVERSE Presale Review
- Dogeverse Price Prediction – $DOGEVERSE Price Potential in 2024
- Top 3 Presale Gems with Potential for 50x-100x Gains – $DOGE20, $DOGEVERSE, and $SLOTH
- Dogecoin Price Prediction: Will DOGE Reach $1 in 2024?
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