Savvy

Rally

Kaspa

Prom

<p>The blockchain industry pioneer Andrei Grachev made a direct investment in the NFT gaming marketplace Prom, which led to a parabolic 70% rally of its PROM token. This surprise vote of confidence instantly added almost $150 million to Prom’s market capitalization, now exceeding $229 million.</p>
<p>PROM is the top gainer on Binance, with the price surging from a 24 hour low of $7.39 to a high of $14.64 before falling to its current price of $12.58.</p>
<h2 class="wp-block-heading" id="strong-backing-of-industry-leader-strong"><strong>Backing of Industry Leader</strong></h2>
<p>According to on-chain analytics platform <a href="https://x.com/spotonchain/status/1757710559267733823?s=20" target="_blank" rel="noopener noreferrer nofollow">SpotOnChain</a>, Grachev personally acquired nearly 50,000 PROM tokens worth around $500,000. An independent public endorsement from such a reputable name triggered immense buzz and frenzied buying.</p>
<p>Confirming the purchase, Grachev <a href="https://twitter.com/ag_dwf/status/1757693591873335419" target="_blank" rel="noopener noreferrer nofollow">tweeted</a> about his maiden direct crypto investment, done independent of DWF duties. Committing to hold PROM for at least a year and provide ongoing support validated his long-term bullishness.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="706" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-1024x706.png" alt="" class="wp-image-438065" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-1024x706.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-300x207.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-767x529.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-1536x1059.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-2048x1412.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-218x150.png 218w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-100x69.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-508x350.png 508w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-511-788x543.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="technicals-support-rally-sustainability">Technicals Support Rally Sustainability&nbsp;</h2>
<p>Analyzing the daily price chart after this news-driven impulse, Prom’s relative strength index (RSI) now prints an extremely overbought reading of 87.</p>
<p>As a momentum indicator, RSI’s above 70 warn of short-term peaks nearing. However, previous overbought rallies have shown sustainability until the low 90s RSI level many times across crypto assets.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="966" src="https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-1024x966.png" alt="" class="wp-image-438073" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-1024x966.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-300x283.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-767x724.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-1536x1449.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-2048x1932.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-159x150.png 159w, https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-100x94.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-371x350.png 371w, https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09-788x743.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/PROMUSDT_2024-02-14_17-47-09.png 1432w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>This means potential remains for the rally to continue, notwithstanding the rare fundamental trigger behind it. With Grachev promising extensive nurturing for the NFT ecosystem as well, both investor awareness and adoption metrics could rapidly rise from current levels.</p>
<p>In summary, Prom finds itself firmly thrust into the spotlight after securing the confidence of an industry mogul in Grachev. Savvy traders can prudently accumulate positions should any short-term cooling arise, but expect further fireworks considering the credibility boost here.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/when-will-kaspa-kas-hit-1/" target="_blank" rel="noopener noreferrer nofollow">When Will Kaspa (KAS) Hit $1?</a></li>
 <li><a href="https://captainaltcoin.com/bitcoin-pre-halving-rally-has-begun-but-ethereum-and-altcoins-will-follow-btc-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Pre-Halving Rally ‘Has Begun,’ but Ethereum and Altcoins Will Follow BTC – Here’s Why</a></li>
 <li><a href="https://captainaltcoin.com/best-altcoins-to-collect-before-the-bitcoin-halving-which-of-these-altcoins-could-surge-in-2024/" target="_blank" rel="noopener noreferrer nofollow">Best Altcoins to Collect Before the Bitcoin Halving: Which of These Altcoins Could Surge in 2024?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-prom-price-up-by-69/" rel="noopener noreferrer nofollow">Why is PROM Price Up By 69%?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is PROM Price Up By 69%?

Mục lục

CaptainAltcoin

Các bài viết khác được xuất bản trên 14 thg 2, 2024

A Guide to Acquiring SingularityNET’s AGI Coin

Bitcoin Surpasses $51000 as Ethereum Climbs Above $2700; Here’s Why

Bitcoin on fire: Frantic sprint towards an unprecedented peak!

March Rate Cuts Unlikely as Investors Turn to Emerging Tech

Happy Valentine's Day

Latest Market Overview 14th Feb: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, DOGE, LINK, DOT

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!