Altcoin Gordon Unveils Dual Staking Boost, $CORE Skyrockets 15% Amid Institutional Frenzy

March 29, 2025
Altcoin Gordon Unveils Dual Staking Boost, $CORE Skyrockets 15% Amid Institutional Frenzy
  • 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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