Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Core price

Core priceCORE

focusIcon
subscribe
Listed
Buy
Quote currency:
USD

How do you feel about Core today?

IconGoodGoodIconBadBad
Note: This information is for reference only.

Price of Core today

The live price of Core is $0.4517 per (CORE / USD) today with a current market cap of $450.54M USD. The 24-hour trading volume is $10.22M USD. CORE to USD price is updated in real time. Core is -0.24% in the last 24 hours. It has a circulating supply of 997,461,760 .

What is the highest price of CORE?

CORE has an all-time high (ATH) of $6.47, recorded on 2023-02-08.

What is the lowest price of CORE?

CORE has an all-time low (ATL) of $0.3432, recorded on 2023-11-03.
Calculate Core profit

Core price prediction

When is a good time to buy CORE? Should I buy or sell CORE now?

When deciding whether to buy or sell CORE, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget CORE technical analysis can provide you with a reference for trading.
According to the CORE 4h technical analysis, the trading signal is Buy.
According to the CORE 1d technical analysis, the trading signal is Neutral.
According to the CORE 1w technical analysis, the trading signal is Sell.

What will the price of CORE be in 2026?

Based on CORE's historical price performance prediction model, the price of CORE is projected to reach $0.5125 in 2026.

What will the price of CORE be in 2031?

In 2031, the CORE price is expected to change by +49.00%. By the end of 2031, the CORE price is projected to reach $1.36, with a cumulative ROI of +201.42%.

Core price history (USD)

The price of Core is -24.31% over the last year. The highest price of CORE in USD in the last year was $4.29 and the lowest price of CORE in USD in the last year was $0.3507.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-0.24%$0.4456$0.4582
7d+9.15%$0.3931$0.4836
30d-15.14%$0.3507$0.5599
90d-58.72%$0.3507$1.3
1y-24.31%$0.3507$4.29
All-time-90.56%$0.3432(2023-11-03, 1 years ago )$6.47(2023-02-08, 2 years ago )

Core market information

Core's market cap history

Market cap
$450,544,269.44
Fully diluted market cap
$948,550,585.71
Market rankings
ICO price
$0.05573 ICO details
Buy Core now

Core market

  • #
  • Pair
  • Type
  • Price
  • 24h volume
  • Action
  • 1
  • CORE/USDT
  • Spot
  • 0.4516
  • $3.64M
  • Trade
  • Core holdings

    Core holdings distribution matrix

  • Balance (CORE)
  • Addresses
  • % Addresses (Total)
  • Amount (CORE|USD)
  • % Coin (Total)
  • 0-0.01 CORE
  • 2.56K
  • 73.78%
  • 4.26 CORE
    $24.66K
  • 0.02%
  • 0.01-0.1 CORE
  • 611
  • 17.64%
  • 19.08 CORE
    $110.56K
  • 0.10%
  • 0.1-1 CORE
  • 206
  • 5.95%
  • 62.72 CORE
    $363.46K
  • 0.32%
  • 1-10 CORE
  • 71
  • 2.05%
  • 158.71 CORE
    $919.73K
  • 0.80%
  • 10-100 CORE
  • 16
  • 0.46%
  • 380.49 CORE
    $2.21M
  • 1.91%
  • 100-1000 CORE
  • 2
  • 0.06%
  • 752.11 CORE
    $4.36M
  • 3.78%
  • 1000-10000 CORE
  • 1
  • 0.03%
  • 8.51K CORE
    $49.29M
  • 42.78%
  • 10000-100000 CORE
  • 1
  • 0.03%
  • 10K CORE
    $57.95M
  • 50.30%
  • 100000-1000000 CORE
  • 0
  • 0.00%
  • 0 CORE
    $0
  • 0.00%
  • >1000000 CORE
  • 0
  • 0.00%
  • 0 CORE
    $0
  • 0.00%
  • Core holdings by concentration

    Whales
    Investors
    Retail

    Core addresses by time held

    Holders
    Cruisers
    Traders
    Live coinInfo.name (12) price chart
    loading

    Core ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Core (CORE)

    What Is Core?

    Core is a next-generation layer-one blockchain. The project employs a novel mechanism termed Satoshi Plus, developed to solve the blockchain trilemma, a technological challenge where a blockchain network can only achieve two out of three main features: security, scalability, and decentralization. Core’s innovative approach allows it to maintain optimal security and decentralization while achieving high scalability, making it a promising solution in the decentralized autonomous organizations (DAOs) and DeFi sectors.

    Core’s mainnet, launched on January 14, 2023, has already processed millions of transactions, supporting smart contracts and a variety of decentralized apps (DApps). It aims to serve as the core of web3, integrating the best features of renowned blockchains like Bitcoin, Ethereum, Solana, and Polygon, and focusing on user-led governance, ensuring that the network is not structured around any single founder or developer, maintaining a high level of accessibility and decentralization. In April 2023, Core received a $50 million investment from Bitget - the world's leading centralized exchange.

    Resources

    Whitepaper: https://docs.coredao.org/core-white-paper-v1.0.5/

    Official Website: https://www.coredao.org/

    How Does Core Work?

    Core operates on the patented Satoshi Plus consensus, a hybrid mechanism combining Proof of Work (PoW) and Delegated Proof of Stake (DPoS), allowing it to leverage the benefits of both Bitcoin's secure and Ethereum's scalable consensus mechanisms. This consensus ensures that each block added to the blockchain requires validation from a current CORE holder and computing power, creating a secure, reliable, and decentralized ledger.

    Validators in the Core network are responsible for block production and transaction verification, and they are elected based on a combination of staked CORE tokens and hash power, ensuring a balanced and efficient mix of PoW and DPoS. This approach allows even small token holders to participate in network governance and transaction validation, enhancing the network's decentralization and scalability.

    Core’s integration with Ethereum Virtual Machine (EVM) and 0x protocol ensures compatibility with Ethereum’s smart contracts and decentralized token exchange, respectively, providing users with flexibility, affordability, and accessibility. Core’s governance is managed by Core DAO, allowing community members to make proposals, vote on suggestions, and enact plans, ensuring a truly decentralized and user-led governance structure.

    What Is CORE Token?

    CORE is the native utility and governance token of the Core network, with a total supply of 2.1 billion tokens. It is used for paying transaction fees, staking in the Core network, and participating in the governance process of Core DAO. The token distribution is planned, focusing on fair distribution among users, contributors, node mining, reserves, treasury, and relayer rewards, avoiding centralization and ensuring wide community participation.

    Core also implements a token burning model, similar to Ethereum’s, where a portion of the block rewards and transaction fees are burned, adding value to the token. The CORE token is available for trading on major crypto exchanges, allowing users to easily participate in the Core DAO ecosystem and benefit from its innovative technology.

    Core's Impact on Finance

    Core’s unique approach to solving the blockchain trilemma positions it as a significant player in the DeFi and blockchain sectors. Its user-led governance and innovative consensus mechanism can potentially set new standards in security, decentralization, and scalability, attracting attention from DeFi advocates and developers.

    Core’s partnership with Bitget, one of the largest centralized exchanges, which involves a $50 million investment in Core DAO’s Ecosystem Fund, underscores its potential to bring decentralization to the masses and support the development of early-stage projects in the blockchain space. This collaboration aims to foster innovation, provide financial aid to potential projects, and support the listing of projects in the CORE ecosystem, allowing millions to participate in and benefit from Core DAO’s revolutionary technology.

    What Determines Core's Price?

    The price of Core, like other cryptocurrencies, is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. Core's unique approach to blockchain technology, combining Proof of Work and Delegated Proof of Stake through its Satoshi Plus consensus, positions it as a notable entity in the cryptocurrency news, potentially impacting its price. The cryptocurrency price is often subject to market trends, regulatory developments, and the overall sentiment in the cryptocurrency community. Core's partnerships, technological advancements, and adoption rate, especially its collaboration with Bitget, a leading exchange, play a crucial role in its market valuation, making it a focal point for cryptocurrency analysis and discussions among cryptocurrency enthusiasts and experts.

    Cryptocurrency price predictions for Core are inherently speculative, given the crypto market's volatility, and should be approached with caution. Investors looking to buy cryptocurrency, particularly Core, should consider various factors, including cryptocurrency security, risks, and the project’s long-term viability. Core’s price is also influenced by its tokenomics, including its supply and demand dynamics, token burning model, and distribution strategy, which are critical aspects in cryptocurrency charts and analysis. The availability of CORE on leading exchanges such as Bitget provides accessibility to a wider range of investors, potentially driving its demand and price.

    For those pondering where to buy cryptocurrency like Core and whether it is a good investment, conducting thorough research, staying abreast with cryptocurrency news, and considering advice from cryptocurrency experts are paramount. Core’s innovative solutions to blockchain trilemma and its commitment to decentralization and security make it a noteworthy contender in the crypto space, potentially being the best crypto investment for 2023 and beyond. However, potential investors should employ sound cryptocurrency trading strategies, consider cryptocurrency tax implications, and manage their crypto portfolio effectively to navigate the complexities and volatilities of the cryptocurrency market.

    Related Articles about Core

    Bitget Makes a Salute to Satoshi’s Ideology Through $50M Commitment in Core DAO Ecosystem Fund

    Core Social Data

    In the last 24 hours, the social media sentiment score for Core was 4, and the social media sentiment towards Core price trend was Bullish. The overall Core social media score was 496, which ranks 144 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Core being mentioned with a frequency ratio of 0.01%, ranking 335 among all cryptocurrencies.

    In the last 24 hours, there were a total of 496 unique users discussing Core, with a total of Core mentions of 140. However, compared to the previous 24-hour period, the number of unique users decrease by 11%, and the total number of mentions has increase by 180%.

    On Twitter, there were a total of 2 tweets mentioning Core in the last 24 hours. Among them, 100% are bullish on Core, 0% are bearish on Core, and 0% are neutral on Core.

    On Reddit, there were 2 posts mentioning Core in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 50% .

    All social overview

    Average sentiment (24h)
    4
    Social media score (24h)
    496(#144)
    Social contributors (24h)
    496
    -11%
    Social media mentions (24h)
    140(#335)
    +180%
    Social media dominance (24h)
    0.01%
    X
    X posts (24h)
    2
    0%
    X sentiment (24h)
    Bullish
    100%
    Neutral
    0%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    0
    Reddit posts (24h)
    2
    -50%
    Reddit comments (24h)
    0
    0%

    How to buy Core(CORE)

    Create Your Free Bitget Account

    Create Your Free Bitget Account

    Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
    Verify Your Account

    Verify Your Account

    Verify your identity by entering your personal information and uploading a valid photo ID.
    Convert Core to CORE

    Convert Core to CORE

    Use a variety of payment options to buy Core on Bitget. We'll show you how.

    Trade CORE perpetual futures

    After having successfully signed up on Bitget and purchased USDT or CORE tokens, you can start trading derivatives, including CORE futures and margin trading to increase your income.

    The current price of CORE is $0.4517, with a 24h price change of -0.24%. Traders can profit by either going long or short onCORE futures.

    CORE futures trading guide

    Join CORE copy trading by following elite traders.

    After signing up on Bitget and successfully buying USDT or CORE tokens, you can also start copy trading by following elite traders.

    FAQ

    Is Core DAO (CORE) a good investment?

    ORE token is the native cryptocurrency of the Core DAO blockchain, which is designed as a foundation for the decentralized internet, Web 3.0. The Core DAO blockchain employs a unique consensus mechanism named "Satoshi Plus," combining features from both Proof of Work (PoW) and Delegated Proof of Stake (DPoS). This mechanism aims to ensure the blockchain's security, scalability, and decentralization. Furthermore, the blockchain is Turing-complete, compatible with the Ethereum Virtual Machine (EVM), and leverages the Bitcoin mining hashrate. The CORE token has shown significant price movement and interest on social media since its launch, and it’s listed on various reputable exchanges. However, determining whether it is a good investment involves a thorough analysis of various factors, including market trends, project development, regulatory environment, and individual risk tolerance.

    What factors influence CORE token price?

    Several factors can influence the CORE token price: The new consensus mechanism, Satoshi Plus, which is designed to ensure security, scalability, and decentralization. The supply of Core tokens is limited with a hard cap of 2.1 billion. A certain percentage of block rewards and transaction fees are burned, similar to Ethereum's "Ultra Sound Money" model, which can potentially influence the token's scarcity and value. The exact percentage to be burned is determined by the DAO, introducing a governance factor. The distribution of block rewards over an 81-year period might play a role in influencing its demand and supply dynamics, as this setup incentivizes network participants and compensates miners over an extended time frame.

    What is use case of CORE token?

    CORE tokens serve several functions: They play a role in the network's consensus mechanism by being a part of block rewards. They serve as compensation for miners. They are subject to burning as part of the network's economic model to maintain scarcity. They potentially have governance utility since the DAO determines specifics like the burning percentage.

    How to Bridge to Core DAO?

    Much like other blockchains, Core DAO features its own renowned swap platform where users can buy and sell tokens or projects launched on its chain—IceCreamSwap. IceCreamSwap stands as a reliable cross-chain DEX, fostering interoperability with the Core EVM blockchain. Renowned for its user-friendly interface and minimal fees for bridging to the network, it serves as a go-to platform for transactions on the CORE DAO chain. To get started on IceCreamSwap, follow these four straightforward steps: Connect Your Wallet: Navigate to IceCreamSwap and connect your MetaMask or another preferred wallet. Select Chains: Choose the chain you are bridging from (e.g., BNB Chain) and select Core DAO as your destination network. Choose Token and Amount: Select the token (e.g., USDC, USDT, or WETH) and the amount you wish to bridge. Specify Address and Send: Indicate the address to send the bridged tokens to (with an option to send to a different address), preview the transaction, and click 'Send.' The tokens will arrive in under 5 minutes. Once you've successfully bridged your tokens to the CORE DAO chain using IceCreamSwap, you can easily navigate to the swap section located in the left corner of the page to trade your favorite tokens/projects.

    What are the fees to bridge to Core DAO?

    The cost to bridge to Core DAO can fluctuate based on the originating network due to variations in gas and blockchain expenses that arise from the differing consensus mechanisms across blockchains. BNB Chain stands out as the most economical option for bridging, with the transfer of widely used tokens like USDC or USDT not exceeding $5. Moreover, the fees incurred during token swaps are generally low, and remarkably so when juxtaposed with those on other chains! At the current rate, where 1 Core is approximately 2 USD, one can execute dozens of transactions for just a few cents!

    What makes Core DAO unique?

    Some notable characteristics and functionalities of the CORE token include: Supply Cap: The CORE token has a hard cap of 2.1 billion, introducing scarcity to its economic model. Token Burning: A certain percentage of all block rewards and transaction fees are burned, a feature inspired by Ethereum's "Ultra Sound Money" model. The exact burning percentage is determined by the DAO. Block Rewards: The token has an 81-year block reward schedule to incentivize network participants and compensate miners. Trading: CORE token debuted with an initial price of $4.27 and experienced a significant price surge shortly after its launch. It is listed on several prominent exchanges, including Binance, OKX, MEXC, Huobi Global, and BitMart. Transfer and Airdrop: Holders and miners of CORE tokens can transfer them to supported cryptocurrency wallets, such as Metamask, and participate in airdrops. Its extremely long term outlook, as well as their dedicated focus on WEB - 3, makes this coin unique in its vision compared to other tokens that have similar features

    What is the current price of Core?

    The live price of Core is $0.45 per (CORE/USD) with a current market cap of $450,544,269.44 USD. Core's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Core's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Core?

    Over the last 24 hours, the trading volume of Core is $10.22M.

    What is the all-time high of Core?

    The all-time high of Core is $6.47. This all-time high is highest price for Core since it was launched.

    Can I buy Core on Bitget?

    Yes, Core is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy CoreDAO guide.

    Can I get a steady income from investing in Core?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Core with the lowest fee?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

    Where can I buy Core (CORE)?

    Buy crypto on the Bitget app
    Sign up within minutes to purchase crypto via credit card or bank transfer.
    Download Bitget APP on Google PlayDownload Bitget APP on AppStore
    Trade on Bitget
    Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.

    Video section — quick verification, quick trading

    play cover
    How to complete identity verification on Bitget and protect yourself from fraud
    1. Log in to your Bitget account.
    2. If you're new to Bitget, watch our tutorial on how to create an account.
    3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
    4. Choose your issuing country or region and ID type, and follow the instructions.
    5. Select “Mobile Verification” or “PC” based on your preference.
    6. Enter your details, submit a copy of your ID, and take a selfie.
    7. Submit your application, and voila, you've completed identity verification!
    Cryptocurrency investments, including buying Core online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Core, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Core purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

    Buy

    Trade

    Earn

    CORE
    USD
    1 CORE = 0.4517 USD
    Bitget offers the lowest transaction fees among all major trading platforms. The higher your VIP level, the more favorable the rates.

    CORE resources

    Tags

    Core Ecosystem

    Bitget Insights

    BGUSER-QLY7C54E
    BGUSER-QLY7C54E
    3h
    $PI News? Missed out on PI Network? Do not miss out on MIRA Network! Download MIRA Network now and mine Lumira coins. Maximum supply of just 250.000.000 Coins Use The invitation code: ismoh70 invitation code: ismoh70 Additional information: - This is a decentralized AI platform, allowing us to participate in exploiting and developing AI applications in a transparent and safe way. - This is a new Project from the UK. - Lumira Coin is backed by the Swiss Franc (CHF). $BTC $ETH $BR $BGB $DOGS $NOT $SOL $TON $SHIB $BABYDOGE $XRP $XION $ADA $CORE
    BTC+0.59%
    BGB+3.78%
    Crypto-Ticker
    Crypto-Ticker
    13h
    PENGU ETF Explained: The First ETF to Hold Real NFTs
    n the fast-moving world of crypto and Web3, new financial products are launching every week—but few are as groundbreaking as the PENGU ETF. This isn’t your typical crypto fund or NFT-themed ETF that plays it safe. No, this is a bold attempt to package real NFTs inside a regulated exchange-traded fund, something that’s never been done before. Let’s break down what the PENGU ETF is, why it matters, and whether it has the potential to reshape how we invest in digital collectibles. The introduction of the PENGU ETF marks a turning point in how investors and regulators perceive the value of digital collectibles. Its success hinges not only on regulatory approval but also on market acceptance. If institutional and retail investors embrace the fund, it could validate NFTs as a legitimate asset class within traditional portfolios. The ETF structure also solves major pain points around custody, valuation, and liquidity that have long plagued the NFT market. By wrapping NFTs in a regulated product, Canary Capital may create a blueprint that other firms can replicate, opening the door for a wave of new ETF filings backed by digital art, metaverse assets, or tokenized intellectual property. For early investors, potential ROI could be significant if PENGU NFTs surge in value or if the ETF attracts institutional capital—but this is contingent on the ETF’s ability to scale and maintain liquidity in a volatile NFT market. Looking ahead, if the PENGU ETF gains traction post-approval, we could see a ripple effect throughout both traditional and decentralized finance sectors. Financial institutions may begin exploring hybrid portfolios containing NFTs, fungible tokens, and RWAs (real-world assets), ultimately pushing more on-chain assets into mainstream trading platforms. Furthermore, success could encourage blue-chip NFT projects like Bored Ape Yacht Club or CryptoPunks to structure similar funds, fueling demand for oracle-driven NFT pricing solutions and regulated custody platforms. However, risk factors remain high: the illiquid nature of NFTs, challenges in accurate valuation, and regulatory hurdles may lead to price discrepancies, redemption issues, or underperformance compared to traditional ETFs. In the long term, PENGU ETF could be remembered not just as a novelty but as a foundational shift in how we invest in culture, community, and digital ownership—provided it can navigate the complex balance of innovation and compliance. At its core, the PENGU ETF is an exchange-traded fund that holds two key assets: Unlike traditional NFT-themed ETFs that only hold stocks of NFT-related companies or market-tracking tokens, the PENGU ETF directly integrates real, on-chain assets. This makes it the first ETF to cross over from simply referencing NFTs to actually owning them. The fund is spearheaded by Canary Capital, a digital asset investment firm known for taking crypto and NFT products into regulated finance. With PENGU ETF, their goal is clear: become the first to embed actual NFTs inside an ETF structure, offering traditional investors exposure to Web3 assets without the hassle of wallets, gas fees, or private key management. The fund’s structure is unique—and carefully engineered: This hybrid model gives the fund a dual advantage—exposure to a native token with active utility and community traction, plus direct ownership of high-profile NFTs with potential long-term value. NFT ETFs aren’t new—but most don’t actually hold NFTs. Instead, they track companies like Coinbase or marketplaces like OpenSea, or hold tokens that represent the NFT market in a broad sense. The PENGU ETF flips the script, offering: Still, not everyone’s convinced. Skeptics argue there may not be enough demand for an NFT-backed ETF. But believers point out: a regulated product adds trust and transparency to a space often plagued by scams and volatility. Since this is a first-of-its-kind fund, its mechanics are speculative—but here’s a likely setup: Investors wouldn’t be buying NFTs directly. Instead, they’d own shares in the ETF, which represent fractional ownership of the fund’s combined PENGU token and NFT holdings. While the filing is exciting, regulatory approval is far from guaranteed. The U.S. Securities and Exchange Commission (SEC) has never approved an ETF that holds NFTs directly. The challenges are clear: That said, the approval of spot Bitcoin ETFs in 2024 marked a major shift in regulatory openness. If Canary Capital can provide a robust framework for valuation, liquidity, and compliance, PENGU ETF might just stand a chance. To understand the PENGU ETF's innovation, it helps to compare it to traditional art investment funds like: These firms offer exposure to famous artworks (think Banksy, Picasso), but they’re slow, illiquid, and often inaccessible to smaller investors. Selling a stake in an art fund can take months or even years. By contrast, the PENGU ETF brings digital art into the liquid, accessible world of public markets. ETF shares can be traded easily, while NFTs are securely stored on-chain. Whether or not the PENGU ETF gets the green light, it’s clear this is just the beginning. We’re likely entering an era where NFT-backed ETFs and tokenized asset funds become a regular feature of the investing world. If PENGU succeeds, we might see: Canary Capital might be the first, but they won’t be the last. The PENGU ETF is more than a finance experiment—it’s a bold move to redefine how we think about NFTs as investable assets. If it works, it could bridge the chasm between Web3 and Wall Street. If it fails, it’ll still be remembered as a trailblazer. One thing is for sure: NFTs are growing up, and the financial world is starting to pay attention.
    WHY+0.25%
    UP-4.71%
    Crypto News Flash
    Crypto News Flash
    17h
    Ethereum’s PoS Move Criticized—Did It Cost the Market $1 Trillion?
    In a major development, Meltem Demirors, Chief Strategy Officer of CoinShares, stated that Ethereum’s pivot to Proof of Stake (PoS) in 2022 was costly. In 2022, the Ethereum conversion to PoS dramatically reduced energy consumption by over 99%. Notably, ETH’s consistent market volatility raises issues about its long-term impact on the network’s value and stability. According to Meltem Demirors, PoS weakened the Ethereum core network by enabling the rapid expansion of Layer-2 scaling solutions. According to her, these L2s now process a significant share of transactions. She believes the network lost a $1 trillion growth opportunity by abandoning Proof of Work (PoW). This has ultimately diluted the Ethereum Layer-1 ecosystem instead of strengthening it. For her, had ETH stayed on PoW, it could have created a solid energy-computation infrastructure that would make it rival Bitcoin side-by-side. She pointed out that it could have also allowed for strategic innovation in GPU computing, similar to Bitcoin mining advanced hardware development. Similarly, Ethereum’s economic viability is drawing mixed market reactions. When developers introduced PoS, Ethereum came off as ultra-sound money. This positioning is due to mechanisms like EIP-1559, which burns a portion of transaction fees. ETH achieved near-zero net issuance for a time, reinforcing its deflationary narrative. However, data from Ultrasound Money now shows that Ethereum is in its longest inflationary period since The Merge. The network currently issues 943,000 ETH annually while burning just 27,000 ETH. At an annual inflation rate of 0.76%, Ethereum’s earlier deflationary claims are being challenged. CryptoQuant analysts caution that Ethereum may never become deflationary again without significantly higher network activity. Notably, this has weakened its long-term store-of-value argument. As we mentioned in our earlier news brief, Justin Drake posited that through the much-anticipated Pectra Upgrade, Ethereum would have to decrease its issuance or increase its token burn to restore its status as ultrasound money. It is worth mentioning that Ethereum’s broader vision has also come under scrutiny. Peter Szilágyi, a key Ethereum developer, recently stated that ETH was never designed to be money. Instead, it was meant to power a decentralized ecosystem. This contradicts narratives that positioned ETH as a superior alternative to Bitcoin in terms of scarcity and value retention. Critics argue that a lack of clear positioning could affect Ethereum’s long-term appeal. Despite these concerns, some industry leaders see benefits in PoS. Vince Yang, CEO of zkLink, pointed out that Ethereum’s scaling activity is at an all-time high, with transaction speeds doubling in recent months due to lower gas fees. One avenue to enhance Ethereum’s functionality is the Pectra upgrade. As we covered in our latest report, the Ethereum Pectra upgrade went live on the Sepolia testnet but encountered errors exacerbated by an attacker’s activities. However, Ethereum developers have introduced the ‘Hoodi’ testnet to further refine Pectra’s innovations. All the arguments have weighed down ETH’s price outlook thus far. As of this writing, ETH is trading at $1,967.42, down over 1.4% in the past 24 hours.
    ETH+1.73%
    CORE-0.26%
    BGUSER-SVWLKC2Q
    BGUSER-SVWLKC2Q
    18h
    $PI As of March 22, 2025, Pi Network's native cryptocurrency, PI, is trading around $0.99, reflecting a slight decrease of approximately 0.057% from the previous close. Pi Network (PI) $1.00 -$0.06 (-5.71%) Today 1D-1M 5D-6M max Recently, PI experienced a significant decline, dropping over 43% in the past week and falling below the critical $1 support level, currently trading around $0.90. This downturn has raised concerns among investors about the coin's stability and future performance. Brave New Coin +1 Coinfomania +1 The negative sentiment surrounding Pi Network has been exacerbated by accusations from critics labeling the project a potential "scam," further dampening investor confidence. Brave New Coin +2 BeInCrypto +2 Coinfomania +2 Technical indicators, such as the BBTrend, are currently at -40.69, marking their lowest reading on record and remaining negative for the past five days. This suggests sustained bearish momentum and raises concerns about further price declines. CoinGape +2 BeInCrypto +2 Brave New Coin +2 Given these developments, PI's ability to maintain support above $0.60 is uncertain. The project's future largely depends on the Pi Core Team's efforts to restore investor confidence by providing a clear roadmap for its Open Mainnet launch and addressing concerns about exchange listings. Failure to do so could lead to further price declines. CryptoPotato +5 Brave New Coin +5 BeInCrypto +5
    CORE-0.26%
    PI+0.52%
    J0n
    J0n
    21h
    Bitcoin’s Rise: A Bullish Sign at 1.3% of Global Money Supply
    Bitcoin $BTC has hit a remarkable milestone. With a market capitalization of $1.7 trillion, it now accounts for 1.3% of the global money supply. For a decentralized digital asset that started as an experiment just over 15 years ago, this is a staggering achievement and a clear signal that we’re still in the early innings of its potential. The Numbers Tell the Story The global money supply, encompassing cash, bank deposits, and other liquid instruments (often measured as M2), is estimated to hover around $130 trillion. Bitcoin’s $1.7 trillion market cap might seem like a drop in the bucket by comparison, but that’s exactly why the bullish case is so compelling. At just 1.3%, Bitcoin has already outpaced the market value of many national currencies and established itself as a legitimate player in the financial world all without a central bank, government backing, or physical form. Consider this: if Bitcoin were a country, its "economy" would rank among the top 20 globally by GDP. Yet, unlike traditional economies, Bitcoin’s growth isn’t constrained by geography, politics, or resource scarcity. Its fixed supply of 21 million coins and decentralized nature make it a unique asset, one that’s increasingly catching the eye of investors, institutions, and even skeptics turning into believers. Why This Matters Reaching 1.3% of global money isn’t just a fun statistic it’s a testament to Bitcoin’s staying power and adoption. The asset has weathered brutal bear markets, regulatory uncertainty, and endless FUD (fear, uncertainty, and doubt) to emerge stronger each cycle. This resilience is drawing in a wave of new participants, from retail hodlers to Wall Street giants. Institutional adoption is accelerating. Companies like MicroStrategy have made Bitcoin a core treasury asset, while ETFs in the U.S. and beyond have opened the floodgates for traditional investors. Meanwhile, nations like El Salvador have embraced it as legal tender, and others are quietly exploring similar moves. The network effect is kicking in: the more people use Bitcoin, the more valuable and entrenched it becomes. We’re Still Early Really Early If 1.3% sounds impressive, here’s the kicker: there’s still so much room to grow. Imagine Bitcoin capturing 5% of global money supply that’s a $6.5 trillion market cap at current estimates. Push it to 10%, and we’re talking $13 trillion, nearly rivaling gold’s total market value. These aren’t pie-in-the-sky projections; they’re plausible scenarios given Bitcoin’s trajectory and the cracks forming in traditional financial systems. Inflation, currency devaluation, and distrust in centralized institutions are tailwinds propelling Bitcoin forward. Fiat currencies are losing purchasing power look at the U.S. dollar’s 20%+ decline in real value over the past decade. Bitcoin, with its capped supply, offers a hedge that’s hard to ignore. And with only about 5-10% of the world’s population owning crypto, according to most estimates, the adoption curve is barely starting to steepen. The Bullish Case in One Word: Scarcity Bitcoin’s killer feature is its scarcity. Only 21 million BTC will ever exist, and with millions already lost to forgotten wallets or hodlers who won’t sell, the effective circulating supply is even smaller. Compare that to fiat, where central banks can print trillions at will (see: $6 trillion in COVID era stimulus). As demand rises and it is rising Bitcoin’s price could see exponential gains. At $1.7 trillion, Bitcoin is no longer a niche experiment; it’s a global force. Yet, at 1.3% of the money supply, it’s nowhere near saturation. The next decade could see it challenge gold, bonds, or even equities as a store of value. Early adopters aren’t just sitting on gains they’re positioned for a paradigm shift.
    BTC+0.59%
    CORE-0.26%

    Related assets

    Popular cryptocurrencies
    A selection of the top 8 cryptocurrencies by market cap.
    Comparable market cap
    Among all Bitget assets, these 8 are the closest to Core in market cap.