Gate News Bot Message, December 30th, according to CoinMarketCap data, as of press time, POWER (Power Protocol) is trading at $0.36, up 10.17% in the past 24 hours, with a high of $0.41 and a low of $0.21. The 24-hour trading volume reached $13.3 million. The current market capitalization is approximately $75.2 million, an increase of $6.95 million compared to yesterday.
Recent Important News about POWER:
1️⃣ Gate Launchpool Staking Mining Continues to Drive Engagement
Gate Launchpool’s 349th campaign started on December 17th and runs for 10 days until December 27th, with a total of 280,000 POWER tokens allocated for airdrop distribution. Users can stake USDT, GUSD, and POWER assets to participate in mining. The system distributes rewards hourly based on the proportion of staked assets to spot accounts. This type of staking activity attracts capital inflow through economic incentives, expanding the token’s participation base within the platform, providing price support, and the new user experience coupon rewards further broaden the ecosystem engagement.
2️⃣ Platform’s First Liquidity Advantage and Official Ecosystem Incentives Create Sustained Momentum
POWER was launched on the Gate platform on December 11th, marking its global debut for spot trading, providing an official recognized trading channel and ample liquidity. Within two weeks of launch, POWER maintained a top-three ranking in market heat, and through the GT holder HODLer Airdrop plan (105,000 POWER tokens), the token holder base was expanded. The liquidity advantage from the platform’s debut combined with official ecosystem incentives has created ongoing market attention and support.
3️⃣ Application Ecosystem Deployment and Top-tier Institutional Endorsements Strengthen Fundamentals
Power Protocol is positioned as an incentive layer protocol that converts user behavior and application revenue into on-chain rewards, connecting Web2 applications to Web3. The protocol was launched alongside the Fableborne game application, which is among the first Web3 mobile games to achieve mass-market metrics and has received support from industry leaders such as Delphi, Spartan, Mechanism, and Sky Mavis. Clear progress in application deployment and top-tier institutional endorsements provide tangible recognition of the project’s practical value, boosting market confidence in its long-term development prospects.
This message is not investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Holds $1.34 Support While Leverage Heatmap Highlights $1.30 Risk Zone
XRP is trading at $1.36 in a tight range of support at $1.34 and resistance at $1.37.
The heatmap data indicates that there is a huge amount of long positions in the range of $1.30.
Should prices fall to around $1.30, long positions with high leverage in this region might
CryptoNewsLand12m ago
Crypto Market Update – River and Hyperliquid Lead Gainers As Decentralized Infrastructure Gains M...
The crypto market is displaying its typical volatility once again, yet under the noise of price movements, the beginnings of a narrative are starting to take shape. As of today, the “Top Gainers” on CoinMarketCap leans heavily towards projects targeting decentralized infrastructure and fast Layer-1s
BlockChainReporter47m ago
Solana Approaches Key Sell Wall at $84.78 — Will Momentum Hold for a Move Toward $89?
Solana is trading at an approximate price of $83.18, although a solid sell wall is at an approximate price of $84.78, which prevents upward movement.
The price is trapped between the support at $81.99 and the resistance at $84.78 which is short term consolidation.
Once buyers hit the
CryptoNewsLand1h ago
SOL Consolidates Near $84 While Chart Highlights Possible $45 Demand Zone
Solana (SOL) trades at $83.87 within a range defined by $81.03 support and $84.43 resistance, showing consolidation below a $90 supply zone. There is a broader demand area near $45, indicating potential downward movement before recovery.
CryptoNewsLand1h ago
Santiment: The surge in active USDT addresses on a certain public blockchain is correlated with the rebound of BTC
Research firm Santiment found that over the past year, when USDT active addresses on a certain public blockchain surged three times, BTC price rebounded each time, indicating that USDT liquidity has a significant impact on BTC price.
GateNews2h ago
PEPE Consolidates Above $0.05324 Support as Momentum Strengthens and Resistance Near $0.05336 Holds
PEPE has a tight intraday price compression with a support level of $0.053243 and resistance level of $0.053363.
A RSI of 64.13 represents the moderate bullish momentum whereas MACD history is slightly positive, which indicates the gradual buying momentum.
The price is at $0.053364
CryptoNewsLand2h ago
