Core

FOMO

DeFi

Core DAO (CORE) stands out as a strong competitor, gaining significant interest in a fluctuating crypto market due to its rapid climb in the rankings. The token has been a top performer in the cryptocurrency market for multiple days, with a recent increase of 290% in the span of a week. CORE has strengthened its position among the top 40 cryptocurrencies in the digital asset market, with a market capitalization of over $3 billion, as its upward trend continues. Its rise to $10 raises questions about how it will impact investment portfolios
<h2 id="market-performance-of-core-dao-price">Market Performance of Core Dao Price</h2>
<img decoding="async" src="https://coingape.com/wp-content/uploads/2024/04/Screenshot-2024-04-02-at-11.33.55.png" alt="Market Performance of Core Price" width="960" height="539">
<a href="https://coingape.com/blog/core-dao-price-soared-250-whats-going-on/" rel="noopener noreferrer nofollow">Core DAO price soared</a> by 25% in just one day, reaching $3.47. The value of the token has also recorded impressive growth of over 290% and 370% over the past week and month respectively.
Alongside its rise in price, CORE has also experienced notable growth in its market value, currently recording $3 billion in market capitalization. This has pushed the token to top 40 leading cryptocurrencies, holding 41st position, according to <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/core-dao/" target="_blank">CoinMarketCap</a>, showing a significant market influence.
CORE’s trading volume has surged by 55.66% in the past 24 hours, reaching $691 million, showcasing significant growth in investor participation and market activity. Rising trading volume suggests greater market liquidity and investor participation, leading to heightened speculation and momentum in CORE’s price movements.
Understanding the supply dynamics of the token is crucial for assessing its long-term viability and potential for ongoing growth. CORE currently has 875,161,702 tokens in circulation, which represents approximately 41.67% of its total token supply of 2.1 billion.
Additionally, CORE’s extensive potential market reach boosts investor confidence and interest, thanks to its fully diluted market cap of $7.1 billion.
Coretoshis Lab’s <a rel="noopener noreferrer nofollow" href="https://twitter.com/Coretoshis_Org/status/1773800397834166562" target="_blank">tweet</a> sparked a surge in the price of CORE DAO, hinting at exciting developments that could propel its value to new heights. The tweet, considered reliable, reveals plans from over 100 crypto institutional investment funds to invest in and hold CORE this year, boosting confidence in the project, and creating <a href="https://coingape.com/glossary/fomo-fear-of-missing-out/" rel="noopener noreferrer nofollow">FOMO</a> among investors eager to benefit from the token’s upward trend.
<h2 id="how-your-portfolio-will-look-like-with-core-dao-price-at-10">How Your Portfolio Will Look Like With Core DAO Price at $10</h2>
Many investors are curious about potential profits if the Core DAO token’s price increases from $3.47 to $10. Let’s explore various investment scenarios to understand the possible results.
<h3 id="scenario-1-investing-500">Scenario 1: Investing $500</h3>
Investors who invested $500 in Core DAO tokens priced at $3.47 would own around 144 tokens.
If the CORE price were to rise to $10, the investor’s holdings would see a significant increase in value. With a total of 144 tokens, their portfolio would be $1,440. Once the initial investment of $500 has been deducted, a profit of $940 will be generated. At the end of it all, you will have received a return on investment of approximately 188%.
<h3 id="scenario-2-1000-investment">Scenario 2: $1000 Investment</h3>
Doubling the investment to $1000 at the current price would yield around 288 tokens. In case CORE’s price hits $10, your portfolio portfolio value would be $2,880, resulting in a profit of $1,880 and an ROI of approximately 376%.
<h3 id="scenario-3-5000-investment">Scenario 3: $5000 Investment</h3>
For those looking to invest more substantially, a $5000 allocation at the current price would result in acquiring approximately 1442 tokens.
Now, let’s project the outcomes if the price were to reach $10:
A $5000 investment would yield a portfolio value of $14,420, resulting into a profit of $9,420 with an ROI of around 188%.
<img decoding="async" src="https://coingape.com/wp-content/uploads/2024/04/Screenshot-2024-04-02-at-13.52.35.png" alt="How Your Portfolio Will Look Like With Core DAO Price at $10" width="905" height="392">
Investing in Core DAO tokens at the current price of $3.47 presents an opportunity for significant potential gains, especially if the price were to surge to $10. While the investment amount directly influences the potential profit and ROI, it’s essential to consider the associated fees, taxes and risks, and conduct thorough research before making any investment decisions in the volatile cryptocurrency market.
<h2 id="will-core-price-hit-10">Will Core Price Hit $10?</h2>
Predicting whether CORE DAO will hit $10 requires careful analysis of various factors influencing its price dynamics. Various potential factors could propel the price to that price.
1. Market Adoption and Demand:&nbsp;
Increased adoption of the CORE token within the <a href="https://coingape.com/glossary/defi-decentralized-finance/" rel="noopener noreferrer nofollow">decentralized finance</a> (DeFi) ecosystem could drive demand and subsequently push the price higher. Factors such as partnerships, integrations with DeFi platforms, and community engagement may contribute to greater demand.
2.&nbsp; Utility and Use Cases:&nbsp;
Continued development of the Core DAO platform and the introduction of new features or utilities that enhance its use cases could attract more users and investors, leading to increased demand for the token.
3. Market Sentiment and Speculation:&nbsp;
Positive sentiment surrounding the project, along with speculative interest from traders and investors, could result in a surge in buying pressure and drive the price upwards.
To reach $10 from the current price of $3.47, CORE DAO would need to grow approximately 2.88 times in value. This translates to a percentage increase of approximately 188.2%.
In the same manner, if CORE DAO were to reach a price of $10, the market capitalization would be approximately $8.76 billion. Compared to the current ranking on CoinMarketCap, this would position CORE above <a href="https://coingape.com/education/internet-computer-protocol-what-is-icp-how-does-it-work/" rel="noopener noreferrer nofollow">Internet Protocol (ICP)</a> which is 18th with a market capitalization of $7.8 billion.
It’s important to note that achieving such a market capitalization would require substantial growth and investor confidence in the project’s long-term viability and adoption.
The post <a href="https://coingape.com/blog/core-dao-price-what-will-be-my-portfolio-if-core-dao-price-hits-10/" rel="noopener noreferrer nofollow">CORE DAO Price : What Will Be My Portfolio If CORE DAO Price Hits 10?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

CORE DAO Price : What Will Be My Portfolio If CORE DAO Price Hits 10?

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