SUMMARY:

• $WOOF token value surged by 4000% in the past week. On August 7, $WOOF's value increased by 2000% in a day.
• Woof Labs aims to push $WOOF to a $1 value, as seen on Twitter. However, the Market cap for $WOOF hasn't surpassed $500K.

Huge Jump on Core Chain 

Woof Labs is capturing attention in the crypto world, defying the odds with its recent skyrocketing performance. The Core-based Non-Fungible Token (NFT) platform, with its distinctive Openwaters marketplace, has seen a notable jump in the value of its $WOOF token.

Last week, the $WOOF token shot up by a staggering 4000%, claiming the top spot on the Core Layer One blockchain. Citing figures from the renowned Decentralized Exchange (DEX) tracking tool, Geckoterminal, $WOOF's value leaped from $0.00452 to $0.09067 on August 7, marking a 2000% increase within a single day. As of now, it's priced at $0.08061.

Despite the prevailing bearish trends in the market, Woof Labs is making significant strides within the Core ecosystem. A glance at their official Twitter reveals their ambition: pushing $WOOF to the $1 threshold. The protocol's core team confirmed the plan with BSC News, while also revealing plans to adopt other blockchains in the future.

"$WOOF Being the #1 Token on CoreDAO was inevitable from the start of our successful launch on DxSale five months ago since then we were setting up the foundations of our ecosystem and building the most savage community on WEB3," the team wrote. "While our Bridge is open to zkSync ERA from now, later we also open doors to other Blockchains like Etherium, BSC and Polygon etc. For WOOF Road to 1$ Continues."

Though its market cap has yet to reach the $500K mark, the industry is undoubtedly watching $WOOF. However, BSC News reminds everyone to thoroughly research before diving into any token investments.

What is Core DAO:

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.

Where to find Core DAO:

Website | Docs | Twitter | Discord

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