PRIME, the blockchain-based gaming platform Echelon Prime’s native token, has witnessed a 121.77% surge in the past 30 days, with the market cap rising to $500 million. Despite the surge, it is still 49.83% down from its all-time high of $28.08 which was achieved in March 2024.
This article will check whether PRIME has the potential to reach new ATH in this alt season. Also, we will forecast its long-term price movements from 2025 to 2030. Additionally, we will attach a purchasing guide for the PRIME token. Let’s get started.
What is Echelon Prime?
Before we get into the price predictions let’s delve into the basic details of Echelon and its PRIME token. Echelon has been providing blockchain based services to game developers, and its successful collaboration includes Parallel TCG (Trading Card Game) built by Parallel Studios.
Players can earn PRIME tokens by winning competitions inside the Parallel TCG and can later withdraw them through their crypto wallets. In addition to its role as a reward token, PRIME is essential to execute multi-signature transactions and enhance the security of the ecosystem.
The PRIME Tokenomics
Around 31.7% of the allocation is for the gameplay pool, which means it can be earned by the gamers by winning matches. The Parallel Studio reserve has 19.7% of the coins. Around 16.2% is allocated for investors and the caching process will be given 14.1% of the total supply. Here are the other details:
| Token Ticker | PRIME |
|---|---|
| Chain | Ethereum ERC-20 |
| Contract Address | 0xb23d80f5fefcddaa212212f028021b41ded428cf |
| Total Supply | 111.11 Million PRIME |
| Circulating Supply | 35.77 Million PRIME |
| Market Cap | $505.64 Million |
| Hodlers | 21,406 |
PRIME’s Historical Price Movements
Launched in 2023, the token witnessed a gradual increase in its market cap until March 2024, a period when most of the altcoins received investments from institutions. From its all-time low of $1.20, the coin achieved $28.08 during that time. However, it again went into a downtrend.
From April to November 2024, for 8 months, the coin was moving in its downward spiral, until it got a break from whales and institutional investors. The high whale activity in the on-chain data suggests that the coin has secured trust from institutional investors.
PRIME Short-Term Price Prediction
As BTC reaches 100K dollars, we can expect the funds to move into other coins, igniting an altcoin bull run. The current surge in coins like PRIME can be seen as the investments of market makers before the alt run. We can see the coin doubling its current price of $14.68 to around $30 per coin in early 2025. This ATH will be followed by a downtrend in Q2 of 2025.
Echelon PRIME Long-Term Price Prediction: 2025 to 2030
The below table forecasts the price from 2025 to 2030 if the project becomes a success. It is purely based on the chart analysis and the market sentiment. Since the market is highly volatile and unpredictable, radical changes might happen with this prediction. So, it is better to DYOR.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2025 | $ 24.55 | $ 68.96 |
| 2026 | $ 11.76 | $ 36.54 |
| 2027 | $ 12.94 | $ 27.04 |
| 2028 | $ 20.04 | $ 46.33 |
| 2029 | $ 38.37 | $ 95.54 |
| 2030 | $ 37.87 | $ 58.01 |
Where to Buy Echelon Prime?
Echelon Prime is available in popular markets such as Bybit, Coinbase Exchange, Bitget, Kraken, Gate.io, BingX, and Crypto.com Exchange. It can also purchased via decentralized exchanges like Uniswap V3 and Aerodrome Finance with pairs like PRIME/WETH. PRIME/KEYCAT, and PRIME/SPEC.
Final Thoughts: Is PRIME a Good Investment Option?
The web3 gaming industry is expected to grow exponentially within the next decade, and all the powerful networks that aid this growth will also benefit. Echelon Prime’s involvement in the industry by providing innovative tools will be reflected in its charts, suggesting that it is a better option to HODL for the long term.
You can purchase the token to diversify your portfolio. If you are looking for short-term gains, research and create your own entry and exit strategy for PRIME. Always be conscious of the volatile nature of cryptocurrencies. Happy investing!
