Coinbase, the leading cryptocurrency exchange in the United States, has recently announced its plans to potentially list an altcoin that operates within the Bitcoin scaling ecosystem.

The exchange revealed that Core (CORE) has been included in its listing roadmap, indicating the possibility of it being listed for trading in the future.

Core is specifically designed to serve as a highly scalable smart contract platform that complements Bitcoin. Its ecosystem comprises various significant components, such as its Satoshi Plus consensus mechanism, non-custodial staking, and its own version of wrapped Bitcoin.

As of now, CORE has a market capitalization of $1.96 billion and a fully diluted valuation of $4.64 billion.

Altcoin Sherpa, a crypto analyst, believes that CORE is one of the altcoin investments to consider for the Bitcoin ecosystem in anticipation of the next major rally. He suggests that while the temporary bottom for CORE seems to be in place, it would be wise to wait for a substantial breakthrough of $2 before entering. Altcoin Sherpa also predicts that if Bitcoin remains stable, CORE could potentially reach $2.50 or more in the medium term.

Coinbase introduced its listing roadmap in 2022 to enhance transparency and minimize the chances of investors engaging in front-running tactics based on new trading support announcements.

As of now, CORE is trading at $2.23.

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