In the fast-paced world of cryptocurrency, where prices can skyrocket or plummet overnight, one token that's been catching eyes lately is $CORE from Core DAO. A recent tweet from BSC News sparked discussions by asking: Can $CORE reach the $3 mark again? They linked to their in-depth research, and as meme token enthusiasts, we're diving into this because robust layer-1 blockchains like Core DAO could become hotbeds for the next wave of viral memes. Let's break it down in simple terms.

What is Core DAO and the $CORE Token?

Core DAO is a layer-1 blockchain, meaning it's the foundational network where decentralized applications (dApps) and smart contracts run. Unlike some hype-driven meme tokens, $CORE is the native utility token for this ecosystem. It's used for paying transaction fees, staking to secure the network, and participating in governance decisions. Think of it as the fuel that keeps the Core engine running.

What sets Core DAO apart is its alignment with Bitcoin's principles while offering DeFi features—Decentralized Finance, which includes things like lending, borrowing, and trading without traditional banks. With a circulating supply of about 1 billion tokens and a current market cap around $836.5 million, $CORE isn't a small player. For meme token creators, a stable and scalable chain like this could mean lower fees and faster transactions for launching the next big dog or frog-themed coin.

A Look Back at $CORE's Price History

$CORE has had its share of ups and downs, much like the broader crypto market. It hit an all-time high of $6.47, which is way above the $3 target we're talking about. Back in May 2024, it was trading at $1.919, but by March 2025, it dipped to $0.4831. Fast forward to now, and it's sitting at about $0.84, with a recent 10.94% jump in just 24 hours.

To reach $3, $CORE would need a roughly 3.57x increase from its current price, pushing the market cap to around $3 billion. That's ambitious but not impossible—crypto bull runs have turned similar tokens into stars before. Remember, meme tokens often ride these waves too, so a surging $CORE could boost activity on the Core network, creating opportunities for meme projects.

Recent Developments Boosting $CORE's Momentum

Core DAO isn't resting on its laurels. In April 2025, they reported $260 million in dual-staked assets, showing strong community involvement. Then, in May, they launched "Nawa on Ignition" with a 10x multiplier for staking $CORE and SolvBTC.CORE, making it more rewarding to lock up tokens.

They're also building native dApps and liquid staking options like stCORE and lstBTC, which let users earn rewards while keeping their assets liquid. These moves are aimed at increasing $CORE's utility, which could drive demand. For the meme crowd, this means a more vibrant ecosystem where fun, community-driven tokens can thrive alongside serious DeFi tools.

Market Sentiment and Predictions

Sentiment around $CORE is picking up, especially with that recent price bump. Analysts at Bitrue are optimistic, forecasting $CORE could hit $3 to $4.80 by 2030, and possibly up to $5 in a best-case scenario. This is based on growing user adoption, expansion in DeFi, and more folks staking with Bitcoin integration.

Of course, the crypto world is volatile—market conditions, regulatory news, and overall sentiment play huge roles. But if Bitcoin and the broader market enter another bull phase, $CORE's Bitcoin-aligned approach could give it an edge. Meme tokens often explode during these times, so keep an eye on how Core DAO might host the next viral sensation.

Wrapping It Up: Is $3 Possible for $CORE?

Based on the BSC News analysis, yes, $CORE has solid potential to revisit $3, thanks to its historical performance, ongoing developments, and positive predictions. Core DAO's focus on DeFi and staking incentives positions it well for growth. However, always do your own research—crypto investments come with risks.

As we at Meme Insider track the meme token space, stories like this remind us how underlying blockchains influence the fun side of crypto. If Core DAO takes off, it could become a prime launchpad for memes. Stay tuned for more updates!