7.1 C
Amsterdam
25 April 2024
PumpMoonshot
Image default
News

Core Chain Lands Alipay’s ZAN As Validator, Will CORE Price Rebound?



EVM-compatible blockchain Core Chain has welcomed ZAN, the Web3.0 products and services brand of Alipay’s Ant Digital Technologies as a validator on its protocol.

The Core Chain and ZAN Alliance

After beating the broader industry with its relative price surge over the past few weeks, CORE is now set for more invasive expansion. 

The partnership between ZAN and Core Chain is key to boosting the security and decentralization of the Bitcoin-powered Core blockchain. Since 2023 when ZAN was launched, it has leveraged the TrustBase open-source technology system from AntChain Open Labs. ZAN prides itself as one of the protocols with unique tech advantages in the Web3.0 domain.

It provides users with access to reliable and cost-effective blockchain application development technology products and services. Core Chain intends to leverage ZAN’s technological expertise to increase its scalability and reaffirm its commitment to decentralization. ZAN is also committed to offering its expertise to enhance the security and decentralization of the blockchain infrastructure.

“Teaming up with Core to become a validator is a significant leap forward for ZAN. We are thrilled to contribute our expertise to enhance the security and decentralization of the blockchain infrastructure,” Ethan Duo, ZAN CTO said.

In addition, the partnership is key to strengthening Core Chain’s ties with the Asian innovation technology community. Brendon Sedo, a Core Initial contributor, acknowledged that the partnership is a significant milestone for both companies. He is also hopeful that this will mark the birth of many other collaborations in the Asia Pacific region. 

CORE Price Enters Correction Mode

The news comes only a few days after CORE registered a 500% increase in its price. 

Precisely, the CORE price has been riding a high momentum rally which recently hit a 52-week high of $3.68. In the space of two weeks, the digital asset has rallied 547% to trade at $3.5 according to data from CoinMarketCap. This brought its market capitalization to $3.08 billion. This has fueled the addition of CORE to the list of the top 50 largest cryptocurrencies.

The crypto has defied the recent market correction that is equally affecting Bitcoin (BTC) at the moment. There is a strong conviction that the price rally was triggered by the launch of coreBTC on Core DAO. With the news of its alliance with ZAN, there is likely to be more price gain in the coming days. At the time of writing, CORE has recorded a correction and has shed 12.05% of its accrued gain over the past 24 hours.

The token is now changing hands for $2.95 with a short-term hope of a rebound.

The post Core Chain Lands Alipay’s ZAN As Validator, Will CORE Price Rebound? appeared first on CoinGape.

Related posts

History Suggests XRP Could Soon Rally Over 30%, But Macro Weakness Remains

PumpMoonshot

Polkadot Launches PINK Memecoin, Airdrops to Parachain Teams

PumpMoonshot

IOHK’s New KEVM Devnet Opens Up Cardano For ETH Developers

PumpMoonshot
Verified by MonsterInsights