Gate News Bot Message, December 24 — According to CoinMarketCap data, at the time of press, POWER (Power Protocol) is trading at $0.35, up 16.52% in the past 24 hours, with a high of $0.39 and a low of $0.22. The 24-hour trading volume reached $20.6 million. The current market capitalization is approximately $7.25 million, an increase of $1.03 million from yesterday.
Recent Important News about POWER:
1️⃣ Gate Launchpool Phase 349 Continues to Drive Market Participation
The Gate Launchpool Phase 349 started on December 17 and runs for 10 days until December 27, with a total of 280,000 POWER tokens allocated for airdrops. 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 users’ spot accounts. This type of staking activity attracts capital inflow through economic incentives, expanding the token’s participation base within the platform and providing price support. Additionally, new user experience coupons further broaden ecosystem engagement.
2️⃣ Gate’s Initial Listing Effect and Popularity Ranking Support Market Enthusiasm
POWER was officially launched on the Gate platform for spot trading on December 11, providing an official trading channel and sufficient liquidity. Within two weeks of launch, POWER maintained a top-three position in market popularity rankings. The HODLer Airdrop plan (105,000 POWER tokens) for GT holders expanded the token holder base. The liquidity advantage from the initial listing combined with official ecosystem incentives has sustained market attention and support.
3️⃣ Application Ecosystem Deployment and Top Institutional Backing 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 is launched alongside the Fableborne game application, which is among the first Web3 mobile games to achieve mainstream market metrics and has received support from industry leaders such as Delphi, Spartan, Mechanism, and Sky Mavis. Clear progress in application deployment and backing from top institutions provide recognition of practical application value, boosting market confidence in the project’s long-term development prospects.
This message is not investment advice. Investors should be aware of market volatility risks.
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