Ethereum-Based Gaming Altcoin Soars 42% This Week, Bucking Crypto Downtrend
A lesser-known Ethereum (ETH) gaming altcoin has risen 42% this week, defying the broader crypto market dip
Echelon Prime (PRIME) positions itself as a web3 ecosystem tailored for cutting-edge gaming advancements. Through its platform, Echelon offers tools designed to spur creativity and enhance emerging gaming structures and economies. As of now, the PRIME token is priced at $3.88, marking a climb from last week's $2.73. This places it as the 295th most valuable cryptocurrency by market cap, also noting a 12% surge within the last day.
Recently, Echelon proposed a community grant. Pending community approval, the NFT game "What the Funge" by Funge Labs might receive this grant. The game is touted as the debut NFT bar fight simulator with an autobattler format, allowing NFT projects a distinct competitive edge. Its design caters to both novice players and experts, promising an engaging competitive challenge.
While PRIME has seen a recent uptick, it's still 31% below its peak value of $5.68, achieved this March. This peak coincided with its introduction on the prominent U.S. cryptocurrency platform, Coinbase.
Aug 20, 2023
