An under-the-radar Ethereum (ETH) gaming altcoin has bounced back from the crypto market’s downturn, rising 42% in the past seven days.
Echelon Prime (PRIME) is a web3 ecosystem that aims to advance the next generation of gaming.
Echelons website says the project “creates and disseminates tools to encourage innovation and foster the growth of new game models and economies.”
The project’s native token, PRIME, is trading at $3.88 at the time of writing, up from around $2.73 a week ago. The 295th ranked crypto asset by market capitalization is also up nearly 12% in the last 24 hours.
Tuesday Echelon Posted a grant proposal that the community can vote on. If approved, the scholarship 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 battle simulator played as an autobattler offering unique out-of-the-box utilities for NFT projects that allow 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 to a rewarding competitive experience.
Despite the price increase this week, PRIME remains more than 31% lower than its all-time high of $5.68, which it reached in March. That all-time high came shortly after major US crypto exchange Coinbase listed the asset.
Don’t Miss Out – Subscribe to receive email alerts delivered straight to your inbox
Check price action
follow us on Twitter, Facebook And Telegram
Surf the Daily Hodl mix
Image generated: Midway through the journey