Altcoin Core Skyrockets 470% as New Wrapped Bitcoin Asset Propels It Past $2.96B Market Cap

Altcoin Core (CORE) has skyrocketed over 470% in the past week while the broader crypto market corrects
CORE aims to leverage Bitcoin's proof-of-work and combine it with proof-of-stake attributes using its "satoshi plus" consensus mechanism
CORE's market cap recently surpassed $2.96 billion, though it remains behind Stacks (STX) which has a $5.06 billion market cap
CoreDAO recently launched coreBTC, a wrapped version of BTC native to the CORE chain meant to maintain a 11 peg with Bitcoin
Economist Alex Krüger predicted CORE's price surge and believes it will eventually flip STX in market cap