A top 100 altcoin has more than doubled in value in the past week thanks to the announcement of a host of new partnerships and features.
New data shows that Core (CORE), a layer-1 blockchain that leverages the benefits of Bitcoin’s (BTC) proof-of-work network, has soared over the past seven days.
On March 29, CORE was trading at $1.07. However, on April 1, the price shot up to $4.10, a stunning 283% gain. However, CORE has since retreated and is trading at $2.75 at the time of writing.
Earlier this week, CORE’s decentralized autonomous organization (DAO) announced the addition of two features to the blockchain: The Wizard Gallery, a unique non-fungible token (NFT) marketplace specifically designed for CORE, and Core Ignition, a six-month program planned to power decentralized finance (DeFi) protocols via Bitcoin.
“Wizard Gallery provides a space to showcase and sell NFTs within the Core ecosystem, leveraging powerful features for a secure and smooth user experience, providing creators with innovative tools.”
In addition, the DAO announced two new partnerships it has formed: one with ZAN, Ant Digital Technologies’ Web3 service provider, making it one of CORE’s official validators, and with telecommunications provider stc Bahrain to drive digital transformation in the Middle East to promote the East.
“Through this partnership, stc Bahrain will deploy and operate nodes on the Core Chain network as part of the Pearling Path program, increasing infrastructure resilience and accelerating the adoption of Web3 technology to address regional challenges. .. Historic moment for the usefulness and growth of blockchain in the Middle East.”
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Featured image: Shutterstock/JLStock/Sensvector