Prometheus is an open-source platform that is essentially a marketplace for gamers. Built on top of Ethereum and BNB blockchains, it also serves as a community for web3 gamers.
The official website also served as a place to discover new and upcoming web3 games. Prom coin, also known as PROM, is the native utility token of the Prometheus network.
PROM helps gamers to monetize their accomplishments inside games and get some real-life value out of it. For the same, Prometheus follows the Play-to-Earn (P2E) philosophy popular in the web3 and blockchain gaming space.
This piece is the last guide you would need about the Prometheus platform and its utility token PROM. We will go deep into the use cases of the platform and the economics of the token.
This article will take a deep dive into PROM from an investor’s perspective, analyze past price movements, and try to make reasonable predictions of its future prices. Let’s go right into it without any further ado.
Unique Features of Prometheus
Prometheus Tokenomics
PROM has a maximum and total supply of 19,250,000 tokens. Out of which 18,250,000 of them are currently in circulation. Prom token was launched by an equitable distribution process. PROM was airdropped to existing, new members, and eligible wallet holders.
Prometheus Price Prediction
While I am penning down this article, Prometheus is traded at $11.01, with a market capitalization of a little over $200 million, according to CoinMarketCap data. The 24-hour trading volume is just shy of $40 million.
Though the past performance of a cryptocurrency is no assurance of its future returns, analyzing past trends can give us valuable insights into its future price trajectory.
PROM was launched on July 17, 2019, at an opening price of $0.37. In early 2020, the token broke through the dollar barrier. In January and February of 2021, Prom tokens rode along the crypto bull run and hit a peak of $26.11.
On April 30 of the same year, the token briefly touched an all-time high of $106.12. This was followed by a sharp correction and PROM spent the next years close to $10 and $5 prices. Until the prices started to rally up again in December 2023.
PROM Prediction 2024
Looking at the technical indicators, the market is showing a strong bullish sentiment and the Fear & Greed index seems to agree scoring a good 72 (Greed) points. However, in the last 30 days, Prom has only spent 13 days in the green region.
The token has support levels at $ 10.26, $ 9.17, and $ 7.48. Its resistance levels are observed at $ 13.04, $ 14.73, and $ 15.81. From these data, PROM is expected to go up by around 17% by the end of the year to reach $12.79.
PROM Prediction 2025
In 2025, the PROM price is expected to be $ 10.17 on the lower end and $ 20.27 on the high end. Compared to today’s price, the token is expected to gain as much as 84.76% by the year 2025.
PROM Prediction 2030
The price of PROM for 2030 is forecasted to lie between $ 2.24 on the lower end and $ 13.17 on the high end. This would mean a gain of up to 20.03% by 2030 if the price hits the upper target.
Where To Buy PROM?
You can buy PROM from any of the following:
How To Buy PROM?
For easy demonstration, I will explain step-by-step how you can buy Prom tokens from Binance.
- If you already don’t have one, create a free account on Binance. You can do this on their website or the smartphone app. Once you verify your identity, you are good to go.
- Buy any stablecoin you choose by clicking the “Buy Crypto” link at the top of the navigation. Now, follow the same steps to buy PROM with your stablecoin.
- If you are a new user, it will be convenient to use your credit card or debit card for the transaction. Confirm payment.
- Once your transaction is complete, you can move the tokens to your crypto wallet for additional security.
Conclusion
Prometheus pitches itself as a cross-platform marketplace and community for web3 gamers and game developers. With features to buy, sell, rent, and borrow in-game assets as NFTs, the platform opens a way for the gaming community to get paid for their gaming. PROM, its utility token, has already managed to generate a fanbase among crypto investors. The technical indicators of PROM are bullish followed by bearish predictions in 2030.
As always, remember that investing in crypto assets is prone to large price fluctuations and carries a significant risk of capital loss.
One should not put their money into the crypto market without a clear understanding of its underworkings. More importantly, don’t make investments with borrowed money or the medical emergency fund.
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