• An Ethereum (ETH) gaming altcoin, Echelon Prime (PRIME), has surged 42% in the last seven days despite a crypto market downtick.
• The project’s native token, PRIME, is up nearly 12% in the past 24 hours and trading at $3.88 at time of writing.
• Echelon posted a grant proposal on Tuesday for its community to vote on that would award funds to the non-fungible token (NFT) game “What the Funge” from Funge Labs.
Under-the-Radar Ethereum Gaming Altcoin Defies Crypto Market Slump
An under-the-radar Ethereum (ETH) gaming altcoin has defied the crypto market downturn and surged 42% in the last seven days. Echelon Prime (PRIME) is a web3 ecosystem that seeks to advance the next generation of gaming. The project’s native token, PRIME, is trading at $3.88 at time of writing and is up nearly 12% in the past 24 hours.
Echelon Project Aims to Advance Next Generation of Gaming
According to Echelon’s website, their project works towards “creating and distributing tools to encourage innovation in, and promote the growth of novel gaming models and economies.” On Tuesday, they posted a grant proposal for their community to vote on that will be awarded to the non-fungible token (NFT) game “What the Funge” from Funge Labs if approved. This game offers utility for NFT projects so players can compete for eternal conquest, glory, and PRIME tokens.
PRIME Price Remains Down From All Time High
Despite this week’s price increase, PRIME remains more than 31% down from its all-time high of $5.68 which it hit back in March shortly after top US crypto exchange Coinbase listed it as an asset.
Echelon Posts Grant Proposal For Community Vote
On Tuesday August 19th 2023 , Echelon posted a grant proposal for its community members to vote on that would award funds to NFT game What The Funge from Funge Labs if approved by voters . Explaining further , What The Funge is described as “the world’s first NFT bar fight simulator played out as an autobattler”. It offers turn key utility for NFT projects allowing players “to compete for eternal conquest , glory , and PRIME tokens “.
Conclusion:
Echelon Prime’s native token PRIME saw great success this week despite being down more than 31 % from it’s all time high back in March . With their recent grant proposal posting , they are hoping their community will approve awarding funds towards NFT game What The Funge from Funge Labs .