Core Chain (Core), a Bitcoin-Powered, EVM-Compatible Layer One Blockchain

Core Chain's major innovation is a novel consensus mechanism, Satoshi Plus, which unites Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS).

Core Chain (Core Chain), a layer one blockchain that is powered by Bitcoin, aligned with Bitcoin, and compatible with EVM.

Consensus mechanism

Core Chain's main innovation is a new consensus mechanism called Satoshi Plus, which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS).

COREUSD showed a minor increase after a large sell-off

Any daily close above $2 confirms further bullishness.

After a sell-off of more than 50%, COREUSD has risen by more than 25% in the past three days. On the 4-hour chart, the pair is trading above the short-term moving average (21 EMA), below the 55- EMA, and the long-term moving average (200-EMA). It reached a high of $1.5149 and is currently trading at about $1.4304.

The bullish invalidation can occur if the pair closes below $1. On the downside, the immediate support is at $1.20. Any break below targets $1/0.55/0.35.

The immediate resistance is at around $2. Any breach above confirms bullish continuation. A jump to $2.36/$2.75/$3 is possible. A surge past $3 will take it to $4.25.

It is good to buy on dips around $1.25 with SL around $0.80 for TP of $2/$3.

News source：https://www.kdj.com/cryptocurrencies-news/articles/core-chain-core-bitcoinpowered-evmcompatible-layer-blockchain.html

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