Summary
CORE token has seen a significant spike of 218% in one week, despite a 15% drop in the last 24 hours. The rise could be attributed to recent announcements by Core Network, including partnerships and new initiatives. Technical analysis shows bullish indicators, but the market may be driven by FOMO sentiment. The coin could potentially retrace to around $2.50 without negating its bullish outlook.
Key Points
1. CORE, a rising token in the crypto space, has experienced a remarkable spike of over 218% in just one week, defying the flat crypto markets.
2. CORE is the token of Core Network, a blockchain that uses a combination of proof-of-work (PoW) and proof-of-stake (PoS) as part of its consensus mechanism.
3. In the last week, CORE has spiked by an impressive 218%, with announcements from Core Venture Network (CVN) and partnerships with ZAN and CoreDAO contributing to the interest in the coin.