The post Bitfinex lists the web3 crypto of Portal: $PORTAL appeared on BitcoinEthereumNews.com.

Today, the crypto exchange Bitfinex announced the listing of the PORTAL token, from the eponymous Web3 gaming platform.  It is the native token of the homonymous multi-chain system and web3 gaming platform. Web3: Bitfinex lists the crypto PORTAL The token Portal landed on the crypto markets only at the end of February, less than three months ago.  The opening price, 2.9$, turned out to be excessive, so much so that already on the first day of trading it closed at 2.3$.  After having risen to 2.6$ in the first decade of March, probably thanks to the recovery of the crypto markets, it then began a long descent, which still seems to be ongoing.  During the month of March it already fell below $2, and in mid-April, during the pre-halving retracement of Bitcoin its price also dropped below $1.  The minimum peak was reached yesterday at $0.7, but today it is showing a +11% probably thanks to the rise of Ethereum. Indeed today’s +22% of ETH is also dragging along many altcoins, including some smaller ones like the Portal token.  Moreover today’s rebound of Portal follows the historical low, so it could also appear as a good sign, especially if the crypto markets continue to perform well awaiting the possible approval of the ETF on ETH spot by the SEC, which should arrive on Thursday.  The game Portal The crypto Portal project aims to bring together games and players from various blockchains on its cross-chain platform, in order to create a unique Web3 gaming ecosystem. Cross-chain support is achieved thanks to a partnership with LayerZero, allowing a seamless multi-chain experience.  The idea is to allow the exchange of different cryptocurrencies and different tokens among various games, in order to concentrate the exchanges on a single platform.  Thanks to the collaboration with…

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Filed under: News - @ May 22, 2024 1:22 am