Altcoin Gordon Unveils Dual Staking Boost, $CORE Skyrockets 15% Amid Institutional Frenzy
March 29, 2025
On March 29, 2025, Altcoin Gordon announced a significant shift in the staking landscape, revealing that institutions must stake both Bitcoin (BTC) and $CORE to maximize staking yields.
This new dual staking mechanism promises an impressive 25x yield boost, which has attracted substantial interest from institutional investors, leading to a reported 40% increase in institutional staking volume over the past month.
Following the announcement, $CORE's price surged 15% within the first hour, reaching $1.00, while trading volume on centralized exchanges like Binance skyrocketed by 200%, totaling $1.5 billion.
In addition, the trading volume for $CORE on decentralized exchanges like Uniswap experienced a remarkable 300% increase, indicating strong market interest in the new staking strategy.
Technical indicators for $CORE also showed a bullish trend, with the Relative Strength Index (RSI) rising from 60 to 75, reflecting strong buying pressure alongside a bullish crossover in the Moving Average Convergence Divergence (MACD).
On-chain metrics revealed a 10% increase in unique addresses holding $CORE within the first hour, suggesting a surge in new investor interest.
The overall trading volume for $CORE jumped to $1.8 billion within 24 hours, further emphasizing the positive market sentiment towards the dual staking mechanism.
At the time of the announcement, BTC was trading at $65,432.10 with a stable trading volume of $32.5 billion, while $CORE was priced at $0.87 with a volume of $1.2 billion.
By 15:00 UTC, BTC saw a modest increase of 2%, trading at $66,740.72, with its trading volume remaining stable.
Despite the excitement surrounding $CORE, BTC's technical indicators remained stable, showing an RSI of 55 and no significant changes in the MACD.
While there was no direct impact on AI tokens from this announcement, the heightened interest in $CORE could indirectly influence AI-related tokens if trading algorithms begin allocating funds towards $CORE for higher yields.
As of the same date, other tokens like AGIX and FET were trading at $0.50 and $0.75 respectively, suggesting potential trading opportunities related to $CORE's performance.
Summary based on 1 source
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Blockchain.News • Mar 29, 2025
Institutional BTC Staking Requires $CORE for Maximum Yields | Flash News Detail