Coinbase, the leading cryptocurrency exchange in the United States, recently revealed its plans to potentially list an altcoin that is part of the Bitcoin scaling ecosystem.

The exchange made an official announcement stating that Core (CORE) is now included in its listing roadmap, indicating the possibility of it being available for trading in the future.

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

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

According to Altcoin Sherpa, a renowned crypto analyst, CORE is among his top picks for altcoins within the Bitcoin ecosystem, especially when looking forward to the next major rally. Altcoin Sherpa believes that while the temporary bottom for CORE seems to be in place, it would be wise to wait for a solid break above $2 before entering the market. In the analyst’s opinion, as long as Bitcoin remains stable, CORE has the potential to reach $2.50 or higher in the medium term.

Coinbase introduced its listing roadmap in 2022 to enhance transparency and minimize the chances of investors taking advantage of early access to new trading support announcements.

At the time of writing, CORE is trading at $2.23.

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