Single-day surge of 21% for $PORTAL ! Cross-chain gaming platform attracts hot funding, market value surpasses 6.87 million USD
Firstly, this coin has a particularly small market cap of only 6.87 million USD, so a little influx of funds can easily drive it up. You can see its 24-hour trading volume is 41.09 million USD, which is significantly increased compared to usual, indicating that new funds are indeed entering the market.
The project itself is focused on a cross-chain gaming platform, and the Web3 gaming concept has recently seen a bit of a revival. Additionally, it belongs to the Ethereum ecosystem, so it has benefitted somewhat from the recent rebound of ETH. However, to be honest, the price fluctuations of such small coins mainly depend on the movement of funds, and the fundamentals have limited impact.
From the data, there are two details to note:
The token unlock data shows volatility, which may indicate that some chips have changed hands and it has entered the 7-day fund inflow ranking, attracting a lot of follow-up capital.
But be aware:
The current price of 0.0418 is already considered a recent high, and after such a surge, it is very easy to see a correction, especially if the overall market is weak, small coins have poor liquidity, and selling could be very aggressive.
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