Attractive Price, Will COREUM Also Give Attractive Returns?

• The COREUM crypto has lost its value by more than 76% from its all-time high price.
• The crypto is built on the XRP platform and was launched on February 28th, 2022.

Coreum is a layer-1 blockchain for decentralized applications and DeFi, with ISO20022 compatibility, IBC interoperability, and Smart Tokens. It offers high scalability, low fees, and community governance. The CORE token is the native currency of the network, airdropped to the Sologenic community.

The market cap of the COREUM crypto has advanced by 2.5% in the last 24 hours while the trading volume of the crypto has declined by 25.7%. The value of the crypto is $64.362 Million.

The value of the traded volume of the crypto is $1.332 Million and the market cap ranking of the crypto is 468th and the volume/market cap ratio of the crypto is 0.52%. The volatility of the crypto is also low resulting in 1.33%.

The sentiment for the Coreum crypto is bullish as per Coincodex and the fear and greed index is at 72 indicating greed in the crypto price. It also has shown only 14 green days in the last 30 days which indicates weakness in the crypto price.

The circulating supply of the crypto is 384.792 Million COREUM and the total supply of the crypto is 545.674 Million COREUM. Furthermore, the max supply of the crypto is not disclosed and the fully diluted market cap of the crypto is $91.608 Million.

COREUM Crypto Technical Analysis

The COREUM crypto price has declined to significant lows and looks very weak on the charts. It has formed strong bearish candles on the chart and has been unable to break above any of the swing highs. 

The following behavior of the price shows how strongly sellers have dominated the crypto price and it will be very tough for buyers to overtake the price.

The COREUM crypto price is trading above the 20, 50 and the 200-Day EMAs which are trading in a golden cross on the daily chart.

Overall, the MACD indicator is bearish indicating short-term bullishness in the price as the MACD and the signal line are trading below the zero level followed by the golden cross.

The RSI has also advanced above the 50-level and has also advanced above the 14-Day SMA. The following behavior of the price indicates bullishness in the price.

Summary

COREUM is a layer-1 blockchain for DeFi, but it has lost 76% of its value from its peak. The crypto has low volume, high volatility, and weak technicals. The price is in a downtrend and faces strong resistance. COREUM is a risky crypto whose price is uncertain.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.