Under-the-Radar Ethereum Gaming Altcoin Defies Crypto Market Slump and Surges 42% This Week

An under-the-radar Ethereum (ETH) gaming altcoin has rallied against the crypto market downtick, surging 42% in the last seven days.

Echelon Prime (PRIME) is a web3 ecosystem that aims to advance the next generation of gaming.

Echelon’s website says the project “creates and distributes tools to encourage innovation in, and promote the growth of, novel gaming models and economies.”

The project’s native token, PRIME, is trading at $3.88 at time of writing, up from around $2.73 a week ago. The 295th-ranked crypto asset by market cap is also up nearly 12% in the past 24 hours.

On Tuesday, Echelon posted a grant proposal for its community to vote on. If approved, the grant will be awarded to the non-fungible token (NFT) game “What the Funge” from Funge Labs.

Explains the grant application,

“What the Funge is the world’s first NFT bar fight simulator played out as an autobattler that offers unique turn-key utility to NFT projects for players to compete for eternal conquest, glory, and PRIME. While the game is easy to pick up and get into, it has a very high skill ceiling, leading towards a rewarding competitive experience.”

Despite the price increase this week, PRIME remains more than 31% down from its all-time high of $5.68, which it hit in March. That all-time high materialized shortly after top US crypto exchange Coinbase listed the asset.

 

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