An under-the-radar Ethereum (ETH) gaming altcoin has rallied in opposition to the crypto market downtick, surging 42% within the final seven days.
Echelon Prime (PRIME) is a web3 ecosystem that goals to advance the subsequent technology of gaming.
Echelon’s website says the undertaking “creates and distributes instruments to encourage innovation in, and promote the expansion of, novel gaming fashions and economies.”
The undertaking’s native token, PRIME, is buying and selling at $3.88 at time of writing, up from round $2.73 per week in the past. The 295th-ranked crypto asset by market cap can also be up practically 12% previously 24 hours.
On Tuesday, Echelon posted a grant proposal for its group to vote on. If authorised, the grant might be awarded to the non-fungible token (NFT) recreation “What the Funge” from Funge Labs.
Explains the grant application,
“What the Funge is the world’s first NFT bar combat simulator performed out as an autobattler that gives distinctive turn-key utility to NFT tasks for gamers to compete for everlasting conquest, glory, and PRIME. Whereas the sport is simple to select up and get into, it has a really excessive talent ceiling, main in direction of a rewarding aggressive expertise.”
Regardless of the worth improve this week, PRIME stays greater than 31% down from its all-time excessive of $5.68, which it hit in March. That each one-time excessive materialized shortly after high US crypto change Coinbase listed the asset.
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