ESPORTS (Yooldo) 24-hour pump 50.40%

Gate News Bot news, July 28, according to CoinMarketCap data, as of the time of writing, ESPORTS (Yooldo) is currently priced at $0.13, having risen 50.40% in the last 24 hours, with a maximum of $0.13 and a minimum drop to $0.05. The current market capitalization is approximately $21.3 million, an increase of $7.15 million compared to yesterday.

Yooldo is the largest GameFi platform on Linea, aiming to make blockchain gaming simple and fun, and encourage more people to use blockchain technology. Through these engaging gaming experiences, we are committed to creating exciting games that showcase the advantages of decentralized systems.

Important news about ESPORTS recently:

1️⃣ Gate launches ESPORTS perpetual contract, enhancing trading depth Gate launched the ESPORTS/USDT perpetual contract trading pair on July 25, supporting 1-20 times leverage for long and short positions. The newly added perpetual contracts settle the funding rate every 4 hours, providing traders with more flexible trading tools, which is expected to increase the liquidity and trading depth of ESPORTS.

2️⃣ Launchpool Staking Activity Increases Token Demand Gate held the 286th Launchpool event from July 21 to 25, where users could stake BTC or ESPORTS to share a reward of 803,571 ESPORTS tokens. This event not only increased the liquidity of ESPORTS but also temporarily locked a portion of the token supply through the staking mechanism, which may provide support for the short-term price.

3️⃣ Multiple launch activities attract user participation In addition to Launchpool, Gate also hosted activities such as the CandyDrop airdrop and the Alpha initial trading for ESPORTS, with a total reward pool of up to 2,410,714 ESPORTS tokens. These activities help increase project exposure and attract more users to participate in the ESPORTS ecosystem.

From a technical perspective, ESPORTS has experienced a significant price rise in the short term, which may pose a risk of a pullback. However, considering the multi-chain GameFi platform positioning behind the project and the institutional support it has garnered, ESPORTS still has the potential to attract the attention of long-term investors.

This message is not intended as investment advice; investors should be aware of the risks of market fluctuations.