The altcoin native to a NFT marketplace with a focus on gaming has experienced a remarkable surge of over 35% within a 24-hour period, defying the stagnant state of the overall cryptocurrency market.

Prom (PROM) presents itself as a decentralized, confidential, and secure ecosystem for the exchange and rental of NFTs. The project’s proprietary token, PROM, has soared by 36.3% in the past day and is currently trading at $7.65 as of now.

The reason behind the sudden surge in the token’s price is not immediately apparent. However, it is worth noting that the increase occurred shortly after Prom unveiled a new game listing. The project now supports Poglin, a blockchain-based battling game set in a fantasy world.

In contrast, the total market capitalization of the cryptocurrency market has only risen by 0.2% in the past 24 hours and has dropped by nearly 5% over the past week, according to CoinGecko.

Last month, Prom announced a strategic partnership with DWF Labs, a web3 investment firm. The project explained, “A key aspect of our collaboration is the exchange of expertise, leveraging Prom’s innovative approach in the gaming sector with DWF Labs’ strategic insights into digital assets. This combination of knowledge and skills is set to drive innovation and establish new standards in the Web3 gaming space.”

Despite its recent price surge, PROM is still trading at a significant decline of approximately 93% from its all-time high of $106, which was reached in April 2021.

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