POWER (Power Protocol) rose 27.62% in the last 24 hours

Gate News Bot news, on December 22, according to CoinMarketCap, as of the time of writing, POWER (Power Protocol) is currently reported at 0.34 USD, with a pump of 27.62% in the last 24 hours, reaching a high of 0.39 USD and a low of 0.22 USD, with a 24-hour volume of 21.4 million USD. The current market capitalization is approximately 70.5 million USD, an increase of 15.3 million USD compared to yesterday.

Important News about POWER Recently:

1️⃣ Gate Launchpool activity drives liquidity and attention Gate Launchpool activity No. 349 will start on December 17, introducing a staking mining mechanism for the Power Protocol tokens, with a total of 280,000 POWER tokens allocated for airdrop distribution. Users can stake USDT, GUSD, and POWER to participate in mining, with the mining period spanning from December 17 to December 27. This type of staking activity attracts funds through economic incentives, increasing the market participation and liquidity depth of the tokens, thereby providing support for the price. The inclusion of new user groups further expands the foundation for ecological participation.

2️⃣ The initial issuance effect of Exchange continues to release market enthusiasm Since its global debut on the Gate platform for spot trading on December 11, POWER has maintained a position among the top three in market heat. From ranking third in heat on December 17 to the significant rise in the current price range, it reflects the sustained driving force of the debut effect. The establishment of official trading channels has provided ample liquidity and official recognition to the market. The concurrently launched GT holder airdrop program (the 327th HODLer Airdrop, 105,000 POWER tokens) further expanded the token holding base and community stickiness.

3️⃣ Application ecosystem endorsement supports fundamental value Power Protocol, as an incentive layer protocol, is committed to transforming user behavior and application revenue into on-chain rewards, achieving the connection from Web2 applications to the Web3 ecosystem. The protocol is launched in sync with the Fableborne game application, which, as one of the first Web3 mobile games to achieve mass market indicators, has received support from leading industry organizations such as Delphi, Spartan, Mechanism, and Sky Mavis. The clear application landing progress and endorsements from top institutions provide a fundamental recognition of actual application value in the market, enhancing investors' confidence in long-term development prospects.

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