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PROM takes flight with the investment of the leading name in the crypto industry!
Blockchain industry luminaries Andrei Grachev's investment in NFT gaming marketplace PROM has caused the asset to experience a parabolic surge.
PROM recorded an increase of approximately 70 percent after the investment. The asset's total market capitalization quickly increased by $150 million to $229 million.
PROM recorded a significant increase with the investment it received
According to analytics platform SpotOnChain, DWF Labs President Grachev purchased 50,000 PROM worth about $500,000. This support, given by a well-known name in the community, triggered a great excitement and purchasing frenzy.
Grachew confirmed his investment in a tweet about his personal investment, pledging to hold PROM for at least a year and expressing a bullish outlook.
Following Grachev's investment, PROM's RSI is at 87, the overbought level.
The RSI is above 70, indicating that new short-term highs are in the pipeline.
At the time of writing, the asset is trading at $12.20, according to data from CoinMarketCap.
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