Echelon Prime (PRIME) Token: A Comprehensive Guide

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Introduction

Echelon Prime (PRIME) is a notable cryptocurrency token operating on the Ethereum blockchain, primarily focused on the gaming and metaverse sectors. Launched in July 2022, it aims to empower developers and gamers by integrating blockchain technology, non-fungible tokens (NFTs), and token-based economies into interactive digital experiences. This guide provides an in-depth analysis of PRIME's market performance, technical foundations, and essential metrics, offering valuable insights for investors and enthusiasts alike.

Current Market Overview

As of the latest data, Echelon Prime is trading at approximately $2.37 per token, reflecting a 24-hour increase of 0.96%. The token opened at $2.23 today, marking a 6.66% rise from its opening value. Despite a temporary dip to $2.22, it has shown resilience with upward momentum. However, it remains down by 24.95% from its 30-day high and 8.11% from its 7-day peak. Conversely, it has surged 36.04% from its 30-day low and 15.41% from its weekly low.

Trading volume over the past 24 hours reached $2.29 million, with 963,357 PRIME tokens exchanged across 15 supported platforms. This activity highlights moderate market interest and liquidity for the asset.

Price Statistics and Performance Metrics

Echelon Prime's performance varies across different timeframes and compared to major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH):

Technical indicators present a mixed outlook: eight suggest a bearish trend, four indicate bullish momentum, and five remain neutral. This divergence reflects the token's current market uncertainty and potential for volatility.

Market Capitalization and Supply Dynamics

Echelon Prime holds a market capitalization of $85 million, ranking #298 among all cryptocurrencies. This valuation is based on a circulating supply of 36 million tokens. If calculated using the total supply, the market cap would approximate $263.8 million.

The fully diluted valuation (FDV) considers the maximum supply multiplied by the current price, providing a perspective on potential future market value if all tokens were in circulation. This metric is crucial for long-term investment assessments.

Wealth Distribution Analysis

Wealth concentration is a critical factor for evaluating any cryptocurrency's economic health. For Echelon Prime:

This distribution indicates significant concentration among large holders, which could influence price stability and market manipulation risks. Note that some top addresses may belong to exchange wallets, which hold funds for multiple users.

Historical Performance and Milestones

Echelon Prime reached its all-time high of $27.32 on March 21, 2024. Since then, it has experienced a substantial decline, with a recorded low of $1.75 during the past 52 weeks. The current price represents a 36.04% increase from this trough but remains considerably below its peak.

Over the past year, the token's lowest and highest values were $1.75 and $18.40, respectively. Its performance relative to other cryptocurrencies launched in 2022 is above average, with a trading volume of $2 million compared to the cohort's average of $536,000.

Blockchain and Network Activity

The Echelon Prime ecosystem demonstrates active on-chain engagement:

These metrics indicate a growing user base and sustained network utilization, essential for long-term viability.

Technical Analysis and Trading Signals

Based on daily price data, key technical indicators offer diverse insights:

Investment Metrics: ROI and Risk Assessment

Echelon Prime's return on investment (ROI) and volatility metrics reveal its risk-reward profile:

These figures highlight substantial historical losses and high risk, necessitating thorough due diligence before investment.

Category Rankings and Ecosystem Position

Echelon Prime holds notable positions in several cryptocurrency categories:

These rankings reflect its strategic focus on emerging technologies and niche markets within the broader digital asset landscape.

Frequently Asked Questions

What is Echelon Prime (PRIME) and its primary use case?
Echelon Prime is a cryptocurrency token designed to support gaming and metaverse applications. It provides developers with tools to integrate blockchain features, NFTs, and token economies into their projects. This empowers gamers with true ownership of in-game assets and decentralized trading capabilities, reducing reliance on traditional gaming studios.

What is the current price of PRIME, and how has it performed recently?
The current price of PRIME is $2.37, with a 0.96% increase over the past 24 hours. Over the last week, it gained 9.69%, reaching a high of $2.58 before retracing. For detailed ROI and volatility analysis, 👉 explore advanced market metrics.

What is the all-time low and all-time high for PRIME?
The all-time low for PRIME is $1.75, recorded during the past year. The all-time high of $27.32 was achieved on March 21, 2024, approximately 1 year and 3 months ago.

How is Echelon Prime's market capitalization calculated?
The market cap is approximately $85 million, based on a circulating supply of 36 million tokens and the current price. If calculated using the total supply, it would be around $263.8 million.

How many people hold PRIME tokens, and when was it launched?
Launched on July 17, 2022, Echelon Prime currently has over 27,000 unique token holders, indicating gradual adoption since its inception.

What makes Echelon Prime unique compared to other gaming tokens?
Its focus on combining gaming with artificial intelligence and generative technologies sets it apart. The platform offers robust tools for developers and emphasizes user-owned economies, positioning it at the intersection of multiple innovative sectors. For deeper insights, 👉 discover strategic investment tools.

Conclusion

Echelon Prime represents a fascinating intersection of gaming, blockchain, and artificial intelligence. While its price has faced significant challenges over the past year, its niche focus and technological foundations offer potential for future growth. Investors should carefully consider its high volatility, concentrated wealth distribution, and market trends before engaging. As with any cryptocurrency, thorough research and risk management are essential for navigating its dynamic landscape.