Coinbase, the leading cryptocurrency exchange in the US, has announced its potential plans to list an altcoin that is part of the Bitcoin scaling ecosystem. The exchange has included Core (CORE) in its listing roadmap, indicating that it may be available for trading in the future.
Core is specifically designed to be a highly scalable smart contract platform that complements Bitcoin. It consists of various essential components, such as its Satoshi Plus consensus mechanism, non-custodial staking, and its own version of wrapped Bitcoin.
Currently, CORE has a market capitalization of $1.96 billion and a fully diluted valuation of $4.64 billion. According to crypto analyst Altcoin Sherpa, CORE is one of his top picks for altcoins in the Bitcoin ecosystem, especially in anticipation of the next major rally. He believes that once CORE breaks the $2 mark, it could potentially reach $2.50 or more in the medium term, as long as Bitcoin remains stable.
Coinbase introduced its listing roadmap in 2022 to enhance transparency and minimize the chance of investors taking advantage of new trading support announcements. As of now, CORE is trading at $2.23.
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