Can The $CORE Token Reach $3 Again? | BSCN (fka BSC News)

The cryptocurrency market is no stranger to volatility, and Core DAO’s $CORE token is a prime example of a digital asset with significant price swings. With a current price of $0.838723, investors and enthusiasts are asking: 'Can $CORE ever reach $3 again?' Having previously surpassed this mark with an all-time high of $6.47, the question is not whether it’s possible but what it would take to get there

Understanding $CORE and Core DAO

Core DAO is a layer-1 blockchain designed to align with Bitcoin’s ecosystem, focusing on Decentralized Finance (DeFi) and smart contract functionality. The $CORE token serves as the native currency of the Core permissionless blockchain, used for transaction fees, staking, and governance. With a circulating supply of approximately 1 billion tokens and a market capitalization of $836.5 million, $CORE is a significant player in the DeFi space, according to data from CoinMarketCap.

The question of whether $CORE can reach $3 again is rooted in its historical performance. The token hit an all-time high of $6.47, well above the $3 mark, proving its capability for significant price appreciation. However, its current price reflects a decline from its peak, prompting a closer look at the factors influencing its trajectory.

Historical Price Performance of $CORE

To assess whether $CORE can return to $3, it’s essential to examine its price history. In May 2024, $CORE traded at $1.919, closer to $3 than its current value. By March 2025, the price dipped to $0.4831, indicating volatility, typical of cryptocurrencies. However, recent data shows a recovery, with a 10.94% increase in the last 24 hours, at time of writing (May 22nd)

This upward momentum suggests renewed investor interest, but reaching $3 would require a 3.57x increase from the current price, translating to a market cap of approximately $3 billion.

The fact that $CORE has previously exceeded $3 provides a precedent. Its all-time high represents a 7.32x increase from the current price, demonstrating that significant price surges are within the realm of possibility, particularly during bullish market cycles like the one some feel we are in now. However, historical performance alone isn’t enough; current developments and market conditions play a critical role.

Recent Developments Driving $CORE’s Potential

Core DAO has made strides in expanding its ecosystem, which could support a price recovery. One of the most notable achievements is the $260 million in dual-staked assets, reported by CoinTelegraph on April 9. This milestone reflects strong community engagement and investor confidence, as staking often indicates a long-term commitment to a project. The more assets staked, the greater the demand for $CORE, which could positively impact its price.

On May 12, 2025, Core DAO announced the launch of Nawa on Ignition, featuring a 10x Sparks Multiplier for $CORE and SolvBTC.CORE. This initiative incentivizes staking and could attract more users to the ecosystem. Additionally, Core DAO focuses on developing Core-native decentralized applications (dApps) and liquid staking solutions like stCORE and lstBTC. These efforts aim to enhance the blockchain’s utility and appeal, potentially driving demand for $CORE.

The ecosystem’s growth is further evidenced by its focus on Bitcoin-aligned DeFi solutions. Core DAO taps into a growing niche within the crypto market by positioning itself as a platform that complements Bitcoin's infrastructure. If these developments continue to gain traction, they could create a foundation for $CORE to climb toward $3.

Furthermore, the market sentiment is a crucial factor in cryptocurrency price movements. Current sentiment is harder to gauge, but the token’s recent price uptick suggests growing interest.

Analyst predictions provide a more structured outlook. According to Bitrue, $CORE could reach $3 to $4.80 by 2030, with a potential high of $5 if the project achieves significant user growth and establishes itself as a leading BTCFi platform. The prediction cites factors such as consistent user adoption, a flourishing DeFi layer, and increased participation in Bitcoin staking. These align with Core DAO’s current vision, suggesting that $3 is a realistic target in the long run

Feasibility of $CORE Reaching $3

To reach $3, $CORE would need to achieve a market cap of approximately $3 billion, assuming the circulating supply remains at 1 billion tokens. This represents a significant but achievable increase, especially during a cryptocurrency bull market. Historical examples, such as $CORE’s ATH, show that such growth is possible. The key catalysts include:

• Ecosystem Expansion: Continued development of dApps and staking solutions could drive demand for $CORE.
• Market Conditions: A broader crypto bull run, particularly for Bitcoin-related projects, could lift $CORE’s price.
• Community Growth: Increased staking and user adoption, as evidenced by the $260 million in dual-staked assets, could support value appreciation.

However, the timeline for reaching $3 remains uncertain. While short-term gains are possible, as seen in the recent 10.94% increase, the Bitrue prediction suggests that $3 may be more realistic by 2030

Conclusion: A Realistic Path to $3

In conclusion, Core DAO’s $CORE token has the potential to reach $3 again, supported by its historical performance, recent ecosystem developments, and optimistic analyst predictions. The project’s focus on DeFi, Bitcoin alignment, and staking incentives positions it well for growth, particularly if it continues to attract users and developers. However, market volatility could slow its progress.

As Core DAO continues to build its ecosystem and navigate the dynamic crypto landscape, $CORE remains a token to watch for those betting on the future of DeFi. However, it's important to remember that all cryptocurrencies carry risk, regardless of size, and it's crucial to do your own research and form your own conclusions.