In the past two weeks, $PRIME has skyrocketed by more than 70%, driven by a combination of Smart Money interest and a strong staking program.
The surge began on September 11, when iCrypto noticed an unusual spike in buying activity from Smart Money investors. Since then, $PRIME has gained 70.89%, breaking through a key resistance level.
🥇$PRIME has gone up more than 70% since iCrypto's signals.
On September 11, iCrypto noticed unusual buying volume from Smart Money. After that, the price of $PRIME increased by 70.89%.
Now, the price of $PRIME has broken a key resistance level.
Will $PRIME keep rising?
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September 26, 2024
One of the major contributors to this price rally is the increased staking of $PRIME to earn $PROMPT tokens. Over 50% of $PRIME’s total supply is currently locked up in staking contracts as investors race to farm $PROMPT.
$PRIME has been my #1 pick for quite a while now. 50%+ of supply is locked for $PROMPT, team is A1 and product keeps delivering. This will be a top 50 token and $50/coin is in sight. Consolidation before $20+ move pic.twitter.com/tqzEw3imYf
— WLinvestment (@WLinvestment) September 25, 2024
The @AIWayfinder contract alone has accumulated more than $200 million worth of $PRIME, which is being used to farm 40% of the total supply of $PROMPT. This massive lock-up has reduced the circulating supply, adding to the bullish momentum for $PRIME.
There is over $200M in $PRIME deposited in the @AIWayfinder contract farming 40% of the supply of $PROMPT
If the contract took any other currency, such as ETH or USDC, this TVL number would likely be in 10 figures
Believe in something pic.twitter.com/KlM2TZmg2e
— AiRev // (@ParallelAiRev) September 26, 2024
Total Value Locked Primed For Higher Reach
Market analysts speculate that if the staking contract accepted other currencies like ETH or USDC, the total value locked (TVL) could easily reach 10 figures, reflecting the growing demand for both $PRIME and $PROMPT.
As $PRIME continues to climb and Smart Money keeps flowing in, investors are closely watching the next moves in this high-stakes ecosystem. With such a significant portion of the supply locked up, $PRIME’s scarcity and utility are poised to fuel further gains, while $PROMPT’s growing demand strengthens the overall market appeal.
This upward trend highlights the increasing influence of AI-integrated tokens and staking mechanisms in the crypto space, signaling more opportunities for long-term growth.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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