South Korean Doping Boosts Altcoin’s Price!
Bithumb, the second-largest cryptocurrency exchange in South Korea, made a significant announcement today. They revealed that they will be listing an altcoin called Core (CORE).
Starting from today, Bithumb will add CORE to the Korean Won market. The exchange will support transactions with CORE, but only on the Core network. Deposits made through other networks will not be supported. The deposit feature will be available starting from June 24, 2024, at 15:00, while transactions and withdrawals will commence at 17:00 on the same day.
Following this news, the price of CORE surged by more than 8%. However, due to the bearish trend in the overall market, as well as the decline in Bitcoin’s price, CORE gave back most of its gains.
In the morning, Bitcoin experienced a sharp decline, falling to $62,170. This decline also negatively impacted altcoins, with Ethereum dropping to $3,350.
So, what exactly is Core? Core is a decentralized layer 1 DAO project that is compatible with the Ethereum Virtual Machine (EVM). It allows for the running of Ethereum dApps.
Please note that this article does not provide investment advice.
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