Gaming Altcoin Ignites: 42% Surge Amid Crypto Market Slump
An unnoticed contender in the blockchain gaming sector has displayed resilience amidst a general downturn in the cryptocurrency market, displaying an impressive 42% surge over the past week.
Echelon Prime (PRIME) constitutes a web3 ecosystem with aspirations to propel the evolution of upcoming gaming ventures.
According to Echelon’s official website, the initiative aims to “develop and dispense tools that foster originality within gaming frameworks and encourage the expansion of innovative gaming models and economies.”
The project’s intrinsic token, PRIME, is exchanging hands at $3.88, marking a notable upswing from the approximately $2.73 valuation observed a mere seven days ago. This cryptocurrency, ranked 295th by market capitalization, has also posted an increase of nearly 12% in the most recent 24-hour span.
Echelon recently submitted a grant proposal for deliberation within its community. If endorsed, the grant will be granted to “What the Funge,” an unconventional non-fungible token (NFT) game fashioned by Funge Labs.
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The grant application elucidates,
“What the Funge’ stands as the inaugural NFT bar skirmish simulation, adopting the format of an auto battler and providing distinct, readily applicable value to NFT projects, thereby enabling participants to engage in contests for enduring dominance, distinction, and PRIME. While the game maintains accessibility for newcomers, its intricacies lead to a profoundly rewarding competitive involvement.”
Although PRIME’s value has seen an uptick this week, it remains more than 31% below its pinnacle value of $5.68 in March. This zenith was realized shortly after prominent US cryptocurrency exchange Coinbase integrated the asset into its offerings.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
