Before we directly head into portal token price prediction, cryptocurrency has taken the world by storm. Now, it has also entered the gaming sphere, which seems to excite crypto enthusiasts and gamers all around the world. As one of the new and most awaited projects, Portal, a web3 gaming platform is aiming to break down barriers between different blockchain games.
It has gained massive attention from crypto enthusiasts recently, particularly following its listing on major cryptocurrency exchanges like Binance, Kucoin, Coinbase, and many others. In this article, we’ll get to know more about what is Portal token, How can you earn a free Portal token, Portal token price prediction, and many more things. So, Let’s find out.
What is Portal Cryptocurrency?
Portal allows seamless transfers of tokens and NFTs across various blockchains, hence, it positions itself as a revolutionary bridge. Unlike other bridges, Portal eliminates the need for “double wrapping”, which is a complex and redundant process that can be confusing for new users. This efficient approach by Portal makes interoperability within the web3 gaming landscape much smoother, allowing players to move their assets between different games easily.
Portal’s Tokenomics
The recently launched Portal token and its tokenomics
Maximum Supply: 1 Billion
Total Supply: 167.1 Million
Circulating Supply: 167.1 million
Token Based: Ethereum-based
Issue Date: 29-02-2024
All-Time High: $4.41 on 29-02-2024
All-Time Low: $2.06 on 02-03-2024
Rank: 182
Portal Coin Price Prediction 2024
As it is recently listed, there is not much data available, so it is very tough to do Portal token price prediction based on technical data.
For Portal Token Price Prediction, few things we can do with the available data which is to analyze its price. As per the available data and the chart, it looks like Portal Coin is currently consolidating following its listing on Binance.
After the Portal Token listing, currently, for the last 3 days, it is consolidating in a tight range between $2 and $2.6 level. If we look at the performance of the Portal token, in the last 24 hours it experienced a 8% upside momentum.
Portal Token Price Prediction for April 2024
If the Portal token 4-hour candle on Trading View closes above the $2.6 level then in the coming days we may see a price surge to $4 in this bull market. However, if the 4-hour candle gives a closing below $2 then in the coming day we may see a price drop to $1.7 as per technical indicators.
Portal Token Price Prediction for May 2024
According to the technical indicators (Pivot Point) in May 2024, if the market remains bullish following Bitcoin Halving then we may see a Portal token price to $3.03 level. Whereas, there is also potential Portal price to experience a price drop to $1.6 as per the pivot point technical indicator.
How to buy Portal Coin Token in India?
Portal token price prediction only work if you have Portal coin. The recently listed Portol coin on the world’s biggest cryptocurrency exchange gathered everyone’s attention. However, currently in India due to the law uncertainty Binance and other foreign exchanges are not available but still using VPN you can use Binance and buy Portal token in India.
Just follow these simple and to-the-point steps to buy Portal Coin in India:
Step 1: Create an account
You can create an account on Binance, Coinbase, KuCoin, and others as per your requirements. However, currently, it is not available but you can still use it using a VPN without trouble.
Step 2: Add Payment Mode
To buy any cryptocurrency on Binance, you need to have sufficient funds that you can add to your wallet by using P2P (peer-to-peer) and using UPI you can add either USDT, Bitcoin, or Binance BNB.
Step 3: Search For the Covert feature
Once you add these tokens to your wallet, you can convert your token with your most awaited Protocol Coin.
Step 4: Confirm the conversion
Once your token gets converted, confirm it and check your wallet.
This is how you can buy or purchase Protocol Coin in India.
How Claim PORTAL Airdrop?
However, the special giveaway program has ended, it’s helpful to know how things were done so that you have a better understanding of how things were done if something similar comes up in the future.
- Staking on Binance Launchpool- Highly dedicated crypto enthusiasts locked up their holdings on Binance Launchpool, which is a platform for earning rewards from promising projects. By staking, they actively participated in the Portal token launch and received $PORTAL tokens in return.
- Social Media Engagement- Portal hosted a unique campaign called “farming campaign” where individuals got a chance to earn points by tweeting and engaging with content about Portal on Twitter. This strategy by Portal spread awareness effectively and created a buzz within the crypto community.
What is a $PORTAL Airdrop?
In late 2023, Portal started a strategic campaign known as airdrop. This campaign was aimed at putting efforts into introducing and promoting the native token “$PORTAL” within the cryptocurrency currency.
And, an airdrop is a marketing tactic to distribute free tokens to existing token holders, potential users, or community members. So, $PORTAL Airdrop is the distribution of free $PORTAL tokens to participants who meet certain criteria, like holding specific cryptocurrencies in their wallets, participating in Portal’s community forums, or completing specific tasks that the project team may outline.
What is the Impact of Airdrop?
The Portal airdrop goes beyond just distributing free tokens, it has proved to be a strategic move in the following ways-
- Building of Strong Community- Portal has fostered a sense of community around the project by rewarding early adopters and conducting effective social media strategies. This community can become a valuable asset to the long-term success of the platform.
- Promoting the Portal Platform- The campaign has effectively raised awareness about Portal’s innovative bridge technology and its vision of a unified web3 gaming experience.
What is the Future of Portal?
Although the airdrop program has been concluded, the future of Portal seems bright in the following ways-
- Integration with Various Games- Portal is developing continuously, hence it can be anticipated that there will be partnerships and integrations with various blockchain games.
- Potential for Future Airdrops- While there is no official confirmation, it is assumed that there might be future airdrops for users who utilize Portal’s bridge actively.
- Evolution of $PORTAL Token- As the Portal landscape evolves and integrates with more games, the $PORTAL Token could unlock additional functionalities for users.
Conclusion
It is very challenging for any analyst to do Portal token price prediction, because of the lack of data available and its recent listing. However, there are a few things that we consider while Portal token price prediction, and based on that we make prediction.
Besides Portal price prediction, the Portal airdrop is the best example to show how innovative projects can utilize strategic token distribution to build strong communities and promote their vision. Portal has the potential to become a major player in shaping the future of web3 gaming as it is constantly evolving. Portal is a project worth keeping an eye on in the constantly changing world of cryptocurrency and gaming.
Frequently Asked Questions (FAQs)
Can We Buy Portal Coin in India?
Yes, anyone can easily buy Portal Coin in India using the world’s biggest cryptocurrency exchange Binance. In the future, it might be available on Indian cryptocurrency exchanges like CoinDCX, ZebPay, WazirX, and others.
Is it worth investing Portal Coin?
The Portal project is quite interesting and it is new so it comes with risk as well, in this project you can invest quite small fund. However, there many more projects are still there which can give you a better return as well as they are also less expensive as compare to Portal Coin including ADA, XRP, SHIB, MATIC, and many other.
