CORE Explodes! The Unknown Crypto Challenges the Market

As the market struggles, CORE leads the bullish charge after a year of innovation and quiet accumulation. Is this the awakening of a giant?

The CORE cryptocurrency (CORE) surprised the market on Wednesday by topping the Coinmarketcap charts among the top cryptocurrencies by market capitalization, posting an impressive 11.30% increase to close the day at $0.5930. CORE reached an intraday high of $0.6434, confirming the strength of its fixed support at $0.37. After breaking above the 50-period exponential moving average (50EMA), CORE closed within the channel between the 200-period EMA and the 50-period EMA, suggesting a significant weakening of the previous downtrend.

This altcoin had been in an accumulation phase since March 9, following a downtrend that began on January 7, 2025 / TradingView

Silent Accumulation and Explosive Takeoff

This alternative cryptocurrency had been in an accumulation phase since March 9th, following a downtrend that began on January 7th, 2025. The recent price rally was accompanied by high trading volume, indicating strong conviction on the part of buyers to drive the price higher. Now, CORE faces new dynamic resistance at $0.77, where the 200-period EMA is located. Fixed support at $0.37 remains robust, supported by high trading volumes each time it has been tested.

CORE DAO Celebrates One Year of Bitcoin Innovation

In a statement via its X account, CORE DAO commemorated one year since a crucial milestone: making Bitcoin a yield-generating asset for the first time in history.

"One year ago, Core made Bitcoin a yield-earning asset for the first time ever!

• Fully self-custodial.
• Zero capital risk for BTC.
• 3%-8% historic Dual Staking APY."

CORE DAO highlighted key milestones over the past year, including the launch of Self-Custodial BTC Staking on April 16, 2024, allowing users to earn yield without relinquishing custody of their BTC. They also highlighted the launch of the world's first yield-generating Bitcoin ETP by @ValourFunds, powered by CORE, offering a 5.65% yield while maintaining custody.

Another significant advancement was the announcement of Dual Staking, which allows users to stake BTC and CORE together to increase rewards, fostering alignment between the Core and Bitcoin ecosystems. The Fusion Upgrade unlocked Dual Staking and Liquid Bitcoin Staking (lstBTC), both designed to scale Bitcoin yield and deepen the alignment between Core and Bitcoin.

The Fusion Upgrade was launched on November 19, 2024, implementing tiered rewards for Dual Staking. More recently, @maplefinance launched an institutional Bitcoin yield product powered by Core, with over 500 BTC earning yield denominated in BTC.

Speaking Numbers: CORE Adoption and Potential

Year to date in 2025, CORE has recorded cumulative losses of -43.81%. However, a significant rebound has been seen in the last month.

CORE DAO also shared key network data:

Total CORE Delegated: 194,443,574
CORE Validators: 27/34
Total Delegated Hash Rate: 107
Delegated Hash Rate to Bitcoin: 646 EH/s / Total Bitcoin Hash Rate: 870 EH/s

CORE presents itself as a Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), enabling the execution of Ethereum smart contracts and decentralized applications. The Core network is powered by the "Satoshi Plus" consensus mechanism, which secures the network through a combination of delegated hashrate from Bitcoin mining and Delegated Proof of Stake (DPoS). The protocol's native token is CORE.

CORE's impressive rally, leading market gains, could signal the awakening of a project with solid fundamentals and a unique value proposition by integrating Bitcoin into the DeFi ecosystem. The breakout of key resistance levels and strong trading volume suggest growing investor interest. However, resistance at $0.77 will be crucial to confirm a long-term trend reversal. The crypto market will be watching CORE to see if this "unknown cryptocurrency" has the potential to become a major player in the DeFi space.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency trading is highly volatile and carries significant risks, including the total loss of your invested capital. Consult a financial advisor before making any investment decisions.