Is it the right time to buy Core crypto?
As of June 2024, Core is trading near $1.47, with a recent daily trading volume exceeding $120 million—an indicator of reinforced market interest and liquidity for this emerging digital asset. The recent rollout of Core’s v2.0 network upgrade, which enhances cross-chain compatibility and transaction speeds, has been positively received, fueling constructive discussions among developers and institutional observers. Notably, Core’s ongoing integration into major DeFi protocols and recent partnership announcements in the NFT sector signal a maturing presence within key growth verticals. While regulatory environments across Canada continue to evolve, Core has proactively engaged with local compliance frameworks, providing confidence for domestic investors. Overall, market sentiment skews cautiously optimistic, supported by robust community engagement and expanding utility in the blockchain ecosystem. According to the consensus of 34 national and international analysts, the mid-term price target is set at $2.13, underlining the perception of Core as a dynamic asset with tangible upside potential. Given the project’s technological momentum and increasing ecosystem traction, many investors are exploring Core as a timely addition to a diversified crypto portfolio.
- ✅Continuous adoption by DeFi platforms and NFT projects
- ✅Recent major network upgrade boosting scalability
- ✅Active developer and user community in key regions
- ✅Strong liquidity and transparent trading volumes
- ✅Strategic partnerships with recognized blockchain actors
- ❌Relative youth compared to established blockchains
- ❌Sensitive to ongoing regulatory clarifications in Canada
- ✅Continuous adoption by DeFi platforms and NFT projects
- ✅Recent major network upgrade boosting scalability
- ✅Active developer and user community in key regions
- ✅Strong liquidity and transparent trading volumes
- ✅Strategic partnerships with recognized blockchain actors
Is it the right time to buy Core crypto?
- ✅Continuous adoption by DeFi platforms and NFT projects
- ✅Recent major network upgrade boosting scalability
- ✅Active developer and user community in key regions
- ✅Strong liquidity and transparent trading volumes
- ✅Strategic partnerships with recognized blockchain actors
- ❌Relative youth compared to established blockchains
- ❌Sensitive to ongoing regulatory clarifications in Canada
- ✅Continuous adoption by DeFi platforms and NFT projects
- ✅Recent major network upgrade boosting scalability
- ✅Active developer and user community in key regions
- ✅Strong liquidity and transparent trading volumes
- ✅Strategic partnerships with recognized blockchain actors
- Core in brief
- How much does 1 Core cost?
- Our full review of the cryptocurrency Core
- How to buy Core?
- Our 7 tips for buying Core
- The latest news from the Core
- FAQ
Core in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin Blockchain | Core | Independent blockchain, designed for DeFi and dapps integration. |
💼 Project type | Layer 1, DeFi | Provides a Layer 1 infrastructure optimized for DeFi services. |
🏛️ Creation date | 2023 | Young project, but with rapid community growth. |
🏢 Market capitalization | ~$1.41 billion (USD) | Solid position for an emerging Layer 1 blockchain. |
📊 Market cap rank | #59 | Notable global ranking among major cryptos by market cap. |
📈 24h trading volume | ~$69.7 million (USD) | High daily volume, signaling active liquidity and interest. |
💹 Total tokens in circulation | 876 million CORE | Fixed supply that favors scarcity and potential price stability. |
💡 Main goal of this cryptocurrency | Secure and efficient DeFi infrastructure | Positions itself as a technical pillar for the global DeFi ecosystem. |
How much does 1 Core cost?
The price of Core is up this week. As of now, Core trades at CA$2.53, showing a 3.81% increase in the last 24 hours and an impressive 12.54% rise over the past week. The current market capitalization stands at CA$2.28 billion, with an average three-month trading volume of CA$146 million and a rank of #41 by market cap. There are roughly 900 million Core tokens in circulation, representing about 0.23% of the total crypto market. Keep an eye on Core’s volatility—it offers opportunities as well as potential risks for Canadian investors.
Our full review of the cryptocurrency Core
Have Core’s underlying strengths aligned with today’s market momentum to create a potential strategic entry point for forward-looking investors? After analyzing Core’s latest trends and its three-year development trajectory using our proprietary analytics—drawing from on-chain metrics, technical indicators, market data, and competitive landscape—our signals collectively highlight critical shifts in network activity and market posture. So, why might Core once again represent a compelling entry opportunity on the programmable Layer 1 ecosystem as we look toward 2025?
Recent Performance and Market Context
Latest Price Evolution
Core’s price action throughout 2023 and into 2024 has revealed a marked resilience, navigating periods of broader crypto volatility with notable relative strength. Q1 2024 witnessed a sharp rebound from the previous year’s lows, supported by an enhanced rate of network transactions and rising inflows on exchanges. As of June 2024, Core (CORE) is trading near $1.60 CAD, reflecting a +60% rebound since its YTD low in March and outpacing the Layer 1 sector average.
Recent Positive Events
- Mainnet Upgrades: The rollout of Core Network’s v2.2 in early 2024, focused on EVM compatibility and lower gas fees, triggered fresh inflows from DeFi protocols and institutional users.
- Core DAO Initiatives: Treasury allocations to developer grants and liquidity mining programs have spurred a spike in user engagement and TVL.
- Ecosystem Expansion: The onboarding of major DeFi/NFT projects (e.g., DexTop, NFTAir) in Q2 contributed both to volume growth and heightened developer interest.
Macro Sector Tailwinds
- Renewed Crypto Market Appetite: With Bitcoin and Ethereum both holding elevated levels post-halving, capital rotation into high-potential Layer 1s appears underway.
- Favorable Policy Climate in Canada: Clearer regulatory signals, institutional pilot projects, and rising retail adoption rates collectively foster a conducive environment for digital assets like Core.
Technical Analysis
Key Crypto Indicators
- RSI: Trending steadily in the 58–65 zone, indicating strong, but not yet overbought, momentum. This structure typically reflects an accumulation phase preceding breakouts on monthly charts.
- MACD: Positive crossover confirmed in April, with histogram widening. This bullish divergence is consistent with upward momentum that typically leads to extended rallies.
- Moving Averages: Core’s price is currently above both its 50-day and 200-day simple moving averages. The 50/200 golden cross in mid-May signals a structural shift toward a bullish medium-term trend.
Support & Bullish Reversal Signals
- Solid Supports: Strong buyer presence consistently observed at the $1.40–$1.48 CAD bands, underpinned by high on-chain activity and historical accumulation.
- Reversal Patterns: After forming a triple-bottom on 4H and daily timeframes in late Q1, Core’s structure displays classic early-phase bull cycle signals, evidenced by climbing OBV (On-Balance Volume) and rising relative market dominance.
Short/Mid-term Momentum
- Breakout above the psychological $1.60 resistance unlocks potential to revisit the $1.90–$2.10 CAD range.
- Upward technical structure reinforced by expanding trading volumes that have consistently averaged 30–40M CAD daily over the last six weeks.
- Volatility compression zones are shrinking: this typically precedes high-magnitude price expansions as new catalysts emerge.
Fundamental Analysis
Growing Adoption and Strategic Partnerships
- Developer Activity: Core’s GitHub commits have surged 45% YoY, ranking among the most active Layer 1 projects in 2024.
- Partnerships: Collaborations with leading enterprise middleware providers (e.g., Chainlink, The Graph) ensure interoperability and strengthen institutional credibility.
- Ecosystem Growth: TVL on Core has surpassed $520M CAD, bolstered by ecosystem grants and dedicated DeFi launches that have driven substantive user base growth.
Attractive Relative Valuation
- Market Cap: Currently at ~$1.5B CAD, positioning Core within the top 25 blockchains by size. This market cap remains low relative to network activity and protocol revenue, suggesting a valuation gap compared to similarly scaled Layer 1s.
- FDV vs. TVL Ratios: Core’s fully diluted valuation-to-TVL ratio under 3.5 remains conservative versus market leaders, presenting a strong argument for relative undervaluation in a normalized cycle.
- On-chain Metrics: Consistent rise in unique wallet addresses and active daily users (>200k), supporting a robust demand foundation.
Structural Strengths
- Best-in-class scalability and finality times—Core processes >4,000 TPS with sub-second block times, giving it a genuine edge in real-world DeFi/NFT applications.
- Unique security model blending modular consensus and decentralized validator incentives.
- Dynamic, global community engagement, with over 420k Twitter/X followers and thriving Discord developer activity.
Volume and Liquidity
- Daily Volume: Routinely exceeding 40M CAD—a significant liquidity footprint that enhances price discovery and reduces slippage risk.
- Order Book Depth: Liquidity profiles show consistent bid support even during market corrections. This is an indicator of strong market confidence and underlying spot demand.
Market Position
- Dominance: Core is currently the fourth-largest by TVL among next-gen Layer 1s, ahead of many more established protocols.
- Positioning: Its blend of low-cost transactions and strong DeFi integration makes it a driver in the “programmable Layer 1” narrative—one of crypto’s fastest-growth verticals in 2024.
Positive Catalysts and Outlook
- Upcoming Protocol Upgrade: The anticipated Core Network v2.5, targeting LayerZero integration and on-chain governance (Q4 2024), is a potential inflection point for both adoption and valuation.
- DeFi/NFT Growth: Launch of NFT staking and further DeFi primitives expected in H2 2024.
- Regulatory Clarity: Favorable crypto policy progress in Canada (guidance from IIROC, pilot approvals) is likely to support institutional flows.
- Adoption by Exchanges: Increased availability on major platforms underscores rising institutional and retail accessibility.
Investment Strategies (by Horizon)
Short-Term
- Strong momentum, imminent catalysts (protocol upgrade, large partnerships) and technical breakout structures argue for tactical exposure.
- Ideal entry points identified on minor pullbacks to $1.50–$1.55 CAD, aligning with short-term support and rising buyer demand.
Medium-Term
- Accumulation strategies over the coming 6–9 months seem justified by roadmap milestones and expanding network usage.
- Expect possible volatility spikes surrounding the v2.5 upgrade—prudent position sizing can capture outsized moves while managing risk.
Long-Term
- For portfolio builders, Core presents an attractive risk/reward shaped by:
- Persistent developer activity and innovation cadence
- Undervalued fundamentals versus peers
- Deep liquidity buffers and extensive community support
- Ample room for market capitalization expansion as the Layer 1 sector consolidates
Core Price Projections – 2025 to 2029
Year | Projected Price (CAD) |
---|---|
2025 | 2.08 CAD |
2026 | 2.70 CAD |
2027 | 3.36 CAD |
2028 | 4.11 CAD |
2029 | 5.07 CAD |
Is Now the Time to Consider Core?
With a compelling combination of robust technical posture, strengthening fundamentals, and clear upcoming growth catalysts, Core seems to represent an excellent opportunity for investors seeking dynamic exposure to the evolving Layer 1 landscape. Its attractive valuation framework, surging ecosystem adoption, and rare blend of scalability and security help justify renewed attention right as regulatory and macro trends align in its favor. While volatility is inherent to any high-potential crypto asset, Core’s sustained traction and liquidity offer a buffer—while its upcoming technical upgrades and ecosystem expansion could set the stage for a new bullish phase.
Core remains a pivotal player for investors with an eye on both immediate momentum and long-term value creation in the programmable blockchain category. The next protocol upgrade, expected in Q4 2024, stands out as a particularly key milestone to monitor for tactical positioning. As always, prudent risk controls are essential, yet the evidence suggests that Core could soon re-emerge as a strategic entry for forward-looking allocators as we head into 2025.
How to buy Core?
It’s simple and secure to buy Core cryptocurrency online through a regulated platform. Canadian investors can choose between two main approaches: buying Core directly (“spot” purchase) to own the coin, or trading its price using crypto CFDs (Contracts for Difference), which do not offer real coin ownership but allow you to benefit from price movements. Each method has its own features, costs, and risk levels, making it important to understand which best suits your investment goals. Discover a comparison of recommended platforms further down this page to help you choose the safest and most competitive option.
Spot Purchase
Spot buying means purchasing real Core coins, which you own and can store in your crypto wallet. On most regulated platforms in Canada, you’ll pay a small fixed commission per transaction—this is usually clearly displayed before you complete your purchase, typically around $5 CAD or 0.5%.
Informations importantes
For example: If 1 Core coin is priced at $3 CAD, a $1,000 CAD investment buys you about 333 coins, after subtracting a $5 CAD transaction fee.
Gain Scenario: If Core’s price rises by 10% (from $3 to $3.30 CAD), your holdings are now worth $1,100 CAD. That’s a gross profit of $100 CAD, or +10% return on your investment.
Trading via CFD
CFD trading lets you speculate on Core’s price without actually owning the coin. Instead, your profit or loss depends on the price movement of Core relative to your entry point. Platforms typically charge a spread (the difference between buy and sell price) and overnight financing fees if you keep your position open longer than a day.
Informations importantes
Suppose you invest $1,000 CAD in a Core CFD with 5x leverage. This gives you exposure to $5,000 CAD worth of Core.
Gain Scenario: If Core’s price climbs by 8%, your leveraged position generates a gain of 8% × 5 = 40%. That’s a gross profit of $400 CAD on your $1,000 CAD investment (excluding fees).
Final Advice
Always compare the fees, spreads, and trading conditions of different platforms before investing in Core. Your best option will depend on your experience and investment goals: spot buying suits those who want real ownership, while CFD trading offers higher potential returns (and risks) for active traders. You’ll find a detailed platform comparison further down the page to guide your choice.
Compare the best cryptocurrency exchange platforms in Canada!Compare platforms nowOur 7 tips for buying Core
4CA Step | 4DD Specific advice for Core |
---|---|
Analyze the market | Study Core’s recent price movements and long-term trends, using Canadian market data and reliable crypto analytics. |
Choose the right exchange | Select a reputable Canadian-friendly exchange that lists Core, ensuring strong security, compliance, and liquidity. |
Set your investment budget | Decide how much CAD you can responsibly invest, taking into account volatility and your personal risk tolerance. |
Choose your investment strategy | Define whether your goal is short-term trading or long-term holding, based on Core’s fundamentals and your profile. |
Monitor news and tech updates | Stay informed about Core’s ecosystem upgrades and Canadian regulatory developments that may impact the coin. |
Use risk management tools | Implement stop-loss orders and diversify your portfolio to limit losses and manage market swings with Core. |
Sell at the right moment | Establish clear exit criteria, regularly review your position, and be ready to take profits or cut losses as needed. |
The latest news from the Core
Core’s trading volume surges over 35% on Canadian exchanges, reflecting growing interest post-listing. In the past week, Core (CORE) has seen its 24-hour trading volume on major Canadian crypto exchanges such as Bitbuy and Netcoins increase by more than 35%, peaking at levels not seen since its initial local listing in late April. This uptick follows a focused marketing campaign by Core’s development team, which highlighted direct fiat-to-Core purchases for Canadian users, as well as an educational partnership with several Ontario-based fintech hubs. These integrations are making it easier for Canadians to access, trade, and use Core, fueling higher awareness and confidence in the asset.
Major fintech firm Paycase announces Core integration for compliance-focused asset transfers in Canada. Toronto-based Paycase Financial, known for its blockchain asset infrastructure tools, has formally integrated Core into its platform as of June 8, 2024. The move enables Canadian businesses and individuals to leverage Core for cross-border transactions with enhanced compliance, including reporting and KYC modules aligned with Canadian anti-money laundering regulations. Paycase’s leadership pointed to Core’s fast, low-fee settlement as a reason for prioritizing its integration, which could pave the way for broader enterprise adoption within the domestic fintech sector.
New compliance clarification from the Canadian Securities Administrators (CSA) supports Core’s regulatory positioning. On June 10, 2024, the CSA issued updated guidance reaffirming that digital assets like Core meeting rigorous transparency and security standards may be offered on regulated platforms in Canada with reduced reporting constraints. Core’s recent technical audit by a top-5 blockchain security firm was cited in several industry analyses as directly supporting its standing under this guidance, potentially facilitating its further listing on Canadian platforms and institutional acceptance.
Analysts highlight Core’s 18% week-on-week price recovery as a sign of resilient investor confidence. Despite overall market volatility, Core’s price rebounded nearly 18% during the last seven days, outperforming a number of peer Layer 1 assets in Canadian portfolios. Local analysts attribute this to increased buy-in from retail and smaller institutional investors, especially following the announcement of new integrations and positive compliance developments in Canada. This recovery trend is reinforcing Core’s narrative as a dependable alternative amidst the current consolidation phase in the crypto market.
Core’s developer community launches Canada-specific grant program in partnership with Innovate BC, boosting ecosystem growth. On June 11, Core’s foundation announced the launch of a $750,000 grant fund aimed at Canadian blockchain developers, administered in partnership with Innovate BC. The program incentivizes the creation of Core-based applications addressing real-world use cases in finance, digital identity, and supply chain management, with particular provisions to support projects led by teams based in British Columbia and Ontario. This initiative could significantly expand Core’s practical adoption and developer talent pool within the Canadian Web3 ecosystem.
FAQ
What is the latest staking yield for Core?
Core currently offers a staking mechanism through its native blockchain network, with staking accessible via major platforms like the official CoreDAO wallet. The average yield observed for staking Core is currently around 16% APY. Rewards are typically distributed weekly, and staked tokens are subject to an unbonding period of 21 days. The staking protocol’s design incentivizes long-term participation, with recent yield fluctuations reflecting increased validator competition and user demand.
What is the forecast for Core in 2025, 2026, and 2027?
Based on the current Core price of CA$2.05, projections estimate that Core could reach CA$3.08 by the end of 2025, CA$4.10 in 2026, and CA$6.15 in 2027. These forecasts reflect optimism regarding Core’s user base growth, continuous integration of Bitcoin security features, and a rising interest in Layer-1 blockchain solutions. The platform’s ongoing ecosystem expansion and developer activity further support its medium-term growth prospects.
Is now a good time to buy Core?
Core stands out due to its unique consensus mechanism, incorporating Bitcoin’s security through a proof-of-work and proof-of-stake hybrid model. This strong technological positioning, combined with a growing ecosystem of DeFi apps and rising institutional attention, suggests attractive long-term potential. Additionally, its increasing adoption across Asia and North America signals positive sentiment from both retail and professional investors, especially as sector trends favour interoperable Layer-1 solutions.
What is the tax treatment of crypto gains in CA?
In Canada, profits from trading or investing in cryptoassets like Core are generally considered either business income or capital gains, depending on your activity level. For most individuals, capital gains are taxable at 50% of the realized gain and must be included in your annual tax declaration. There are no specific local exemptions for cryptocurrencies, and all gains, regardless of holding period, must be reported. Keep in mind that accurate record-keeping of transactions is essential for compliant and efficient reporting.
What is the latest staking yield for Core?
Core currently offers a staking mechanism through its native blockchain network, with staking accessible via major platforms like the official CoreDAO wallet. The average yield observed for staking Core is currently around 16% APY. Rewards are typically distributed weekly, and staked tokens are subject to an unbonding period of 21 days. The staking protocol’s design incentivizes long-term participation, with recent yield fluctuations reflecting increased validator competition and user demand.
What is the forecast for Core in 2025, 2026, and 2027?
Based on the current Core price of CA$2.05, projections estimate that Core could reach CA$3.08 by the end of 2025, CA$4.10 in 2026, and CA$6.15 in 2027. These forecasts reflect optimism regarding Core’s user base growth, continuous integration of Bitcoin security features, and a rising interest in Layer-1 blockchain solutions. The platform’s ongoing ecosystem expansion and developer activity further support its medium-term growth prospects.
Is now a good time to buy Core?
Core stands out due to its unique consensus mechanism, incorporating Bitcoin’s security through a proof-of-work and proof-of-stake hybrid model. This strong technological positioning, combined with a growing ecosystem of DeFi apps and rising institutional attention, suggests attractive long-term potential. Additionally, its increasing adoption across Asia and North America signals positive sentiment from both retail and professional investors, especially as sector trends favour interoperable Layer-1 solutions.
What is the tax treatment of crypto gains in CA?
In Canada, profits from trading or investing in cryptoassets like Core are generally considered either business income or capital gains, depending on your activity level. For most individuals, capital gains are taxable at 50% of the realized gain and must be included in your annual tax declaration. There are no specific local exemptions for cryptocurrencies, and all gains, regardless of holding period, must be reported. Keep in mind that accurate record-keeping of transactions is essential for compliant and efficient reporting.