Coinbase, the largest cryptocurrency exchange in the US, has announced the potential future listing of an altcoin within the Bitcoin (BTC) scaling ecosystem.
The exchange announced that Core (CORE) is now on the listing roadmap, meaning the exchange may list it for trading in the future.
Core is designed as a hyper-scalable, complementary smart contract platform for Bitcoin.
Core’s ecosystem consists of several key components, including the Satoshi Plus consensus mechanism, the non-custodial staking, and the native version of wrapped Bitcoin.
CORE currently has a market cap of $1.96 billion and a fully diluted valuation of $4.64 billion.
Crypto analyst Altcoin Sherpa say that CORE is one of its altcoin bets for the Bitcoin ecosystem, looking ahead to the next big rally.
“CORE: Temporary bottom looks inward, but waits for a solid break above $2 before entering. One of my bets for the BTC ecosystem is happening this cycle. I think this will go to $2.50+ in the medium term as long as BTC is stable.”
Coinbase has created its 2022 listing roadmap to increase transparency and reduce the possibility of investors getting ahead of the curve with new trading support announcements.
At the time of writing, CORE is trading at $2.23.
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Generated image: Midjourney