#Write2Earn #PORTAL TOKEN: REDEFINING
#WEB3GAMING WITH INSTITUTIONAL SUPPORT
#newListing $PORTAL The PORTAL token is the native cryptocurrency of the company of the same name, with a vision to serve as the gateway to web3 gaming.
In the midst of a buzzing crypto market, projects like Portal are emerging, with its token launching today boasting a market capitalization exceeding $400 million, securing its position among the top 200 digital assets according to CoinGecko.
With a fully diluted valuation (FDV) of $2.37 billion, Portal offers holders various utilities, including staking for access to other tokens, governance participation, and the ability to "purchase a node," among other functionalities.
Positioned as a "universal gaming coin," Portal has been actively forging partnerships, including collaborations with Magic Eden, Star Atlas, and DeFi Kingdoms. Its website boasts integration with over 200 games and aims to streamline the blockchain aspect of web3 gaming through LayerZero interoperability protocol, supporting Solana, Polygon, Avalanche, and Klaytn blockchains.
As Bitcoin approaches its all-time high and the global crypto market cap nears $2.5 trillion, projects like PORTAL seize the opportunity to captivate market attention and enthusiasm. However, whether the project can sustain its current momentum and valuation remains uncertain.
Initially offered at $0.15 during the engagement campaign and presale in mid-December, PORTAL's current price of $2.11 represents a substantial return for early investors, indicating significant interest in the project. Yet, concerns arise as users report limitations in unlocking only 15% of their purchased tokens.
PORTAL's journey includes completed private and community sales, along with a public presale, with 32% of the total supply allocated for these sales. Presently, the circulating supply stands at 167 million tokens, equivalent to 16.7% of the total 1 billion PORTAL tokens.