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

Godfrey Benjamin
April 4, 2024
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Core price

Highlights

  • Core DAO has tapped Alipay's ZAN as a Validator
  • ZAN is the Web3 offshoot of Alipay's Ant Digital
  • Core DAO bagged a massive momentum at launch, a trend it hopes ZAN can help it sustain

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.

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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. 

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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.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.