- Coinbase recently listed Pirate Nation (PIRATE) on the Ethereum blockchain, causing a significant surge in its price.
- This listing has led to a 105% increase in PIRATE’s price, catapulting its market cap to $50 million.
- In the past 24 hours, PIRATE’s trading volume has reached an impressive $136 million.
Discover how Pirate Nation’s listing on Coinbase led to an unprecedented surge in its market cap and trading volume, reflecting the growing interest in this promising ERC-20 token.
Coinbase Announces PIRATE Listing
In a strategic move bolstering the cryptocurrency landscape, Coinbase announced its support for Pirate Nation (PIRATE), an ERC-20 token on the Ethereum network. The announcement significantly impacted PIRATE’s market dynamics, leading to a remarkable 105% increase in its price shortly after the listing.
Coinbase emphasized that transactions involving PIRATE should be restricted to the Ethereum network to avoid potential losses. The specific contract address for PIRATE on Ethereum is 0x7613C48E0cd50E42dD9Bf0f6c235063145f6f8DC.
Post-Listing Impact
The immediate effect of Coinbase’s announcement was the substantial increase in PIRATE’s market activities. The token’s market cap soared to an impressive $50 million, positioning it at 2674th place in the overall cryptocurrency rankings. Concurrently, the trading volume for PIRATE peaked at $136 million within 24 hours, consolidating its rank as the 176th most traded cryptocurrency.
Strategic Pre- and Post-TGE Approaches
Pirate Nation’s success story is largely built on its strategic Token Generation Event (TGE) and subsequent strategies. Pre-TGE, the project focused on cultivating a robust in-game economy using off-chain points, termed ‘Booty.’ This approach incentivized user interaction and maintained a balanced, engaging gameplay experience.
Post-TGE, the strategy shifted to ensure sustainable player retention and a long-term token economy. A significant portion, 47%, of the total token supply was allocated to the community, reinforcing the player-driven economic model of the game.
Community Engagement Initiatives
Pirate Nation leveraged innovative social farming techniques to maximize community engagement. One notable campaign was the Discord Blitz, where players participated in various pirate-themed activities. Additionally, a referral system incentivized gameplay, resulting in millions of gauntlet rounds and quests completed, significantly enhancing user involvement.
PIRATE’s Price Rally and Market Valuation
Following the Coinbase listing, PIRATE experienced a dramatic price rally. Starting the day at a modest $0.1142, the price surged to an all-time high of $0.2344, marking a 105% increase. This rapid appreciation elevated PIRATE’s market capitalization to approximately $50 million. The 24-hour trading volume surged to $136 million, securing PIRATE’s position as a noteworthy asset in the crypto market space.
Conclusion
Coinbase’s listing of Pirate Nation (PIRATE) has undeniably sparked a significant interest in this ERC-20 token, reflected in its soaring market cap and trading volume. With strategic pre- and post-TGE plans and robust community engagement efforts, Pirate Nation is well-poised for ongoing success in the cryptocurrency market. Investors and enthusiasts alike will be keenly observing how PIRATE’s journey unfolds in the rapidly evolving crypto ecosystem.
