Key Takeaways
The CORE price nearly reached a new all-time high in March but has fallen since. Nevertheless, it regained its footing in July and broke out from its main resistance area. On July 19, the CORE price traded at $1.40.
Core did not respond to a request for comment.
Let’s now take a look at our price predictions for Core, made on July 19, 2024. We will also examine the CORE price history, and talk a little about what CORE is and what it does.
Here are the CORE price predictions from CCN, on July 19, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, are often wrong.
Minimum CORE Price Prediction | Average CORE Price Prediction | Maximum CORE Price Prediction | |
---|---|---|---|
2024 | $5.60 | $7 | $8.40 |
2025 | $1 | $1.25 | $1.50 |
2030 | $4.60 | $5.70 | $6.80 |
There are two methods used to create our CORE price predictions. Predictions are created using fractals (mirroring movements and indicator readings) and the wave count.
However, the CORE crypto price has trended downward since its launch in March 2023, so only the wave count is used to make a prediction. Then, we add and remove 20% from the final target to come to our minimum and maximum CORE price predictions.
The most likely wave count implies that CORE started a five-wave upward movement in November 2023. If so, it has just completed wave four and has one more increase to go before it finishes its upward movement.
If wave five extends and has the same magnitude as waves one and three combined, CORE will reach a new all-time high price of $12.40. Giving wave five the same duration as waves one and three predicts the target will be reached in December.
Then, projecting an A-B-C corrective structure with the same length as the upward movement leads to our target for the end of 2025.
The wave count method gives CORE coin price predictions of $7 and $1.25 for the end of 2024 and 2025, respectively.
Then, we use the rate of increase for the past year to make a CORE price prediction for the end of 2030. In the 364 days since July 2023, the CORE price has increased by 56%, for a daily rate of increase of 0.15%.
Projecting this increase until the end of 2030 leads to a price of $5.70. Adding and removing 20% to this target gives our minimum and maximum CORE price predictions for 2030.
The wave count price prediction leads to a CORE price target of $7 for the end of 2024.
The wave count price prediction leads to a CORE price target of $1.25 for the end of 2025.
Using the daily rate of increase for the past year, we arrive at a CORE price prediction of $5.70 for the end of 2030.
The daily time frame CORE Dao price analysis suggests that the July 6 bounce (green icon) marked the end of an A-B-C corrective structure.
It also completed a longer-term fourth-wave pullback by bouncing at the midline of the previous long-term channel.
This was confirmed once CORE broke out from the descending resistance trend line existing since the yearly high. During this period, the MACD moved above 0 and the RSI moved above 50, both signs of a bullish trend.
Currently, the price of CORE is validating the resistance trend line as support, and could confirm this tomorrow. If the increase continues, the next resistance will be at $2.75.
The CORE price prediction for the next 24 hours rests on the assumption that the price will increase toward the $2.75 resistance area.
If a similar rate of increase continues, the CORE price will consolidate in the next few days and then increase, reaching $2 sometime next week.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On July 19, 2019, the daily ATR for CORE was 0.11, a sign of low volatility. The ATR has fallen since April. Divided by the $1.38 CORE price, the ATR is 0.08.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On July 19, 2024, CORE’s daily RSI was at 56, a sign of a bullish trend.
CORE is a blockchain, so let’s compare it with other similar projects.
We took a look at the CORE price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, indicating the best times to buy CORE.
Time to Buy CORE | Days, Months, and Quarters |
---|---|
Best Day | Monday |
Best Week | 13 |
Best Month | March |
Best Quarter | First |
Let’s now take a look at some of the highlights and lowlights of the Core price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Core price prediction.
2023: The CORE price fell almost immediately after its launch, declining to a new all-time low of $0.36 in July. This decline continued for the rest of the year, even though the volatility did not persist.
2024: CORE surged rapidly in March, reaching a new yearly high and almost breaking $4 for the first time since its launch. However, the price as fallen since. In July, the CORE price bounced slightly and moved toward $1.40, where it trades today on July 19.
Period | CORE Price |
---|---|
Last Week (July 12, 2024) | $1.07 |
Last Month (June 19, 2024) | $1.30 |
Three Months Ago (April 19, 2024) | $2.05 |
Last Year (July 19, 2023) | $0.93 |
Five Years Ago (July 19, 2019) | N/A |
Launch Price (February 8, 2023) | $4.23 |
All-Time High (February 8, 2023) | $6.14 |
All-Time Low (November 3, 2023) | $0.33 |
The market capitalization, or market cap, is the sum of the total number of CORE in circulation multiplied by its price. On July 19, 2024, CORE’s market cap was $1,250 billion, making it the 73rd-largest crypto by that metric.
As of April 18, 2024, the five wallets with the most CORE were
Supply and Distribution | Figures |
---|---|
Maximum supply | 2,100,000,000 |
Circulating supply as of July 19, 2024 | 889,376,069 (42% of total supply) |
Holder distribution as of July 19, 2024 | Top 10 holders owned 93.18% of the total supply |
In its technical documentation, or whitepaper , Core says Core Chain is a decentralized, secure, and scalable blockchain network backed by Bitcoin’s PoW.
“Core Chain is designed to (a) unlock Bitcoin’s protection by enabling Bitcoin miners to delegate their security to an EVM-compatible smart contract platform and allowing holders of BTC to stake on Core Chain without giving up custody, and (b) subsidize Bitcoin mining by providing CORE token rewards to Bitcoin miners that require virtually no added expense or opportunity cost.
While Bitcoin serves as the defender of a perfectly scarce, passive monetary asset, Core Chain is designed to be the decentralized rails upon which digital assets gain substantial utility.”
Core is a blockchain that uses the advantages of Bitcoin’s proof of work network and the attributes of a delegated proof of stake consensus mechanism in an attempt to achieve a network that is secure, decentralized, and scalable all at once.
It was founded by a group of developers and contributors, including Brendon Sedo and CJ Reim, among many others who have not chosen to make their identities known at this time.
The Core network is a blockchain meant to maximize security, scalability, and decentralization by employing the use of its consensus mechanism called Satoshi Plus. This uses the upsides of the PoW framework of the Bitcoin network and the powers granted by the newer, more scalable DPoS model of network consensus.
This blockchain is also called ‘Turing-complete’, meaning that, given enough time, it can solve any computational problem. In practice, this means developers can build more complex applications.
It is hard to say. The coin has been around for a relatively short time. On the horizon, there’s no clear bullish or bearish sign.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in Core.
No one can really tell right now. While the Core crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Before you decide whether or not to invest in Core, you will have to do your own research, not only on CORE, but on other, related, coins and tokens. Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Our price predictions suggest that CORE can increase above $10 in the current bullish market cycle.
Core is a new blockchain that leverages the advantages of Bitcoin’s proof of work network and the attributes of a delegated proof of stake consensus mechanism to achieve a network that is secure, decentralized, and scalable all at once.