In the midst of a challenging period for the crypto market, an intriguing Ethereum (ETH) gaming altcoin has boldly defied the trend, experiencing an impressive surge of 42% over the course of the last seven days.
At the forefront of this exciting development is Echelon Prime (PRIME), an innovative web3 ecosystem dedicated to ushering in the next era of gaming experiences.
The official Echelon Prime website proudly declares the project’s mission to “create and distribute tools that foster innovation within the gaming realm, while also nurturing the growth of novel gaming models and economies.”
The native token of this visionary project, aptly named PRIME, is currently trading at $3.88 as of the time of writing, marking a notable climb from its previous value of approximately $2.73 just a week prior. As of the last 24 hours, this cryptocurrency holds a commendable increase of nearly 12%.
In a significant move on Tuesday, Echelon Prime put forth a grant proposal, presenting the opportunity for its community to participate in the decision-making process. Pending approval, this grant will be bestowed upon the creators of the non-fungible token (NFT) game titled “What the Funge,” developed by Funge Labs.
The grant application provides insightful context:
“‘What the Funge’ stands as the world’s inaugural NFT bar fight simulator, adopting the engaging format of an autobattler. The game offers a distinctive turn-key utility to NFT projects, inviting players to vie for enduring conquest, glory, and PRIME tokens. Although the gameplay is designed for accessibility, its intricate mechanics contribute to a rewarding competitive journey.”
Despite the remarkable surge witnessed within this week, it is important to acknowledge that PRIME still remains more than 31% below its historical peak value of $5.68, which was achieved back in March. Interestingly, this record high occurred shortly after the prominent US-based cryptocurrency exchange, Coinbase, listed the asset on its platform.
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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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