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Perpetual Protocol (PERP): Should you Buy?

Perpetual Protocol (PERP) is one of the top 150 most popular cryptocurrencies currently. In terms of market cap, it is currently the 123rd largest digital currency (over US$3.66 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through Perpetual Protocol, how it works, and many more. 

What Is Perpetual Protocol (PERP)? How does it Work?

Perpetual Protocol, a decentralized exchange (DEX) for trading futures contracts on Ethereum (ETH) and xDai. As a trader, you can go long or short on an ever-growing number of digital assets including BTC, YFI, SNX, DOT, ETH, and many more with up to 10x leverage. You can trade on this DEX in a non-custodial manner, where traders always retain possession of their assets as well as on-chain. 

A virtual automated market maker (virtual AMMs vAMMs) is used by the Perpetual Protocol, providing on-chain liquidity with predictable pricing set through constant product curves. The vAMMs of Perpetual Protocol are market-neutral and fully collateralized. Perpetual Protocol wants to provide users with the best, most secure, and most accessible decentralized derivatives trading platform in the world. 

The company has embraced the “DeFi money lego” ethos by building decentralized finance projects and at the same time allowing projects to create on Perpetual Protocol. They have reached many milestones in their roadmap including:

  • Launch of staking pools
  • Implement limit and stop orders

Perpetual Protocol is also working on:

  • Expansion to other chains
  • Introduce leveraged tokens
  • Launch dynamic liquidity in its pools

Two Taiwanese cryptocurrency entrepreneurs, Yenfen Weng and Shao-Kang Lee, are the cofounders of Perpetual Protocol. The project is backed by many reputed investors including:

  • Zee Prime Capital
  • Multiarrows Capital
  • CMS Holdings
  • Binance Labs
  • Alameda Research (which is also a strategic partner of FTX)

In 2020, Perpetual Protocol raised US$1.8 million as capital from a seed round led by Multicoin Capital. 

The platform’s aim is to build a perpetual contracts trading platform for everyone by providing them with good liquidity and low slippage. By introducing vAMM solution, thay solve these issues. Instead of following the centralized exchange’s usual order book model, Perpetual Protocol enables traders to trade against a virtual automated market maker. The initial liquidity of the vAMM is set by the operator. 

Suppose, an operator sets the liquidity of a vAMM at 100 vETH to 40,000 vDAI. If you deposit DAI to go long on Ethereum ETH, the ETH price will tilted upwards. This will, in turn, create an incentive for you to short vETH in case the price is out of line with market prices. In that case, you’ll deposit DEI as collateral, thereby bringing the vETH price back to equilibrium. vAMM works as a tally of all trades, automatically finding an equillibrium in the long run. In practice, USDC is used for settling all trades on the Perpetual Protocol platform.

As a trader, you can enjoy on-chain trading with instant settlement and without fees when you use this vAMM model and build the exchange on xDai. In fact, you can deposit 0 ETH in your wallet as this protocol supports gas-free deposits over 500 USDC.

Consensys and Peckshield audit the community-governed Perpetual Protocol, which comes with a bounty program for developers to find bugs (popularly called bug bounty program) in the smart contracts. 

Perpetual Protocol Coin PERP: Facts & Figures

All these facts and figures (as of Dec 15, 2021) will help you to make a decision on investing in Perpetual Protocol PERP tokens. Before making Perpetual Protocol crypto transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Perpetual Protocol PERP Coin Price: US$8.47 (Current Perpetual Protocol Coin Price)
  • 24hour Trading Volume (24h Volume): US$19,719,247
  • All-Time High (ATH) Price: US$24.84 (reached on Aug 30, 2021)
  • All Time Low (ATL) Price: US$0.6552 (reached on Nov 19, 2020)
  • 24h Low: US$8.46
  • 7d Low: US$8.36
  • 30d Low: US$4.17
  • 90d Low: US$4.17
  • 52 Week Low Price of Perpetual Protocol: US$0.8941
  • YTD (Year-To-Date) Return: 631.81% YTD (Year-To-Date) price change
  • Market Cap: US$581,725,692 (US$581.73 million)
  • Crypto Rank (in terms of market cap): 123rd in the crypto market
  • Fully Diluted Market Cap: US$1,272,224,205
  • Max Supply:
  • Total Supply: 150,000,000
  • Circulating Supply: 68,700,000.00 PERP

These are the facts that made Perpetual Protocol a preferred medium of exchange. Always check out market data and technical analysis before you buy Perpetual Protocol PERP tokens. Also, consult crypto financial advisors and get tips from them on trending coins and how to earn crypto easily. 

Perpetual Protocol PERP Price Prediction & Forecast

  • PricePrediction.Net’s PERP Price Prediction 
  • US$12.87 by 2022
  • US$18.16 by 2023
  • US$27.16 by 2024
  • US$41.03 by 2025
  • US$60.19 by 2026
  • US$90.04 by 2027
  • US$138.65 by 2028
  • US$207.40 by 2029
  • US$289.91 by 2030

  • DigitalCoinPrice’s PERP Price Prediction
  • US$15.1 by 2022
  • US$18.11 by 2023
  • US$21.42 by 2024
  • US$24.54 by 2025
  • US$28.99 by 2026
  • US$30.79 by 2027
  • US$38.38 by 2028

  • TradingBeasts’ PERP Price Prediction
  • US$13.169 by 2022

Where can you Buy Perpetual Protocol?

You can buy Perpetual Protocol in almost all top cryptocurrency exchanges including:

  • Binance
  • Bybit
  • FTX
  • Coinbase Exchange
  • Uniswap (V2)
  • Kraken, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular Perpetual Protocol price pairs are:

  • PERP/BTC, and many more.

Before investing, check out historical data of token Perpetual Protocol, fundamental analysis, crypto news, Perpetual Protocol price charts, price performance, market updates, Perpetual Protocol to United States Dollar (PERP to USD) exchange rate, Perpetual Protocol price history, PERP speed, Perpetual Protocol price prediction and price forecast, and others. Try to keep PERP in your crypto portfolio for a more balanced and robust return on investment.

What are the Best Crypto Wallets to Store Perpetual Protocol Coins?

The best Perpetual Protocol cryptocurrency wallets to store PERP are:

  1. Ledger Nano X
  2. Ledger Nano S
  3. Trezor One
  4. Trezor Model T
  5. MetaMask
  6. Coinomi
  7. Exodus
  8. Trust Wallet
  9. imToken

Invest in Perpetual Protocol and Other Cryptocurrencies

You can buy and sell Perpetual Protocol and other virtual currencies (including Cardano price) against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Perpetual Protocol markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as PERP, XMR, FIL, ETC, WBTC, BCH, Bitcoin BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Perpetual Protocol, Binance Smart Chain based tokens, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, Internet Computer, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, Axie Infinity, and others. 

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. 

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NapBots provides you with various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

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