POWER (Power Protocol) increased by 16.99% in the past 24 hours, with a market capitalization of approximately $49.8 million

Gate News Bot message, December 11th, according to CoinMarketCap行情, as of press time, POWER (Power Protocol) is currently priced at $0.24, up 16.99% in the past 24 hours, with a high of $0.32 and a low of $0.07. 24-hour trading volume reached $820 million. The current market capitalization is approximately $49.8 million, an increase of $7.24 million compared to yesterday.

Important recent news about POWER:

1️⃣ Gate’s global launch drives trading enthusiasm
On December 11th, POWER was launched for spot trading on Gate’s global platform, with POWER/USDT trading opening at 21:00(UTC+8) on the same day. As the first listing on this exchange, this marks an important moment for the token to gain liquidity support from mainstream trading platforms, providing investors with an officially recognized trading channel and directly boosting market participation.

2️⃣ HODLer Airdrop activity releases participation mechanics
Gate simultaneously launched the 327th HODLer Airdrop event, with a total airdrop of 105,000 POWER tokens. Users holding 1GT can participate proportionally to share the distribution. This type of airdrop mechanism enhances community engagement, expands the token holder base, and, through GT holder incentives, strengthens integration with the platform ecosystem. It created effective market hype accumulation ahead of the launch.

3️⃣ Web3 application connection ecosystem value realization
Power Protocol is positioned as an incentive layer, converting user behavior and application revenue into on-chain rewards, aiming to connect mainstream applications to Web3. The protocol was launched in conjunction with the game application Fableborne and received support from leading industry organizations such as Delphi, Spartan, Mechanism, and Sky Mavis. This indicates clear progress in the protocol’s application ecosystem layout, providing fundamental support for the market, and increasing investor recognition of its practical application value.

This message is not investment advice; please be aware of market volatility risks.