Perpetual Protocol Reaches Market Cap of $97.03 Million (PERP)

Perpetual Protocol (PERP) traded down 3.9% against the US dollar during the 1 day period ending at 13:00 PM Eastern on August 6th. Over the last week, Perpetual Protocol has traded up 17.1% against the US dollar. One Perpetual Protocol coin can now be bought for about $1.09 or 0.00004734 BTC on exchanges. Perpetual Protocol has a market cap of $97.03 million and $22.10 million worth of Perpetual Protocol was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

  • BITCOIN ADDITIONAL (BTCA) traded up 0.3% against the dollar and now trades at $23,086.42 or 1.00000000 BTC.
  • Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00004332 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00004328 BTC.
  • Polygon (MATIC) traded 1.2% higher against the dollar and now trades at $0.91 or 0.00003953 BTC.
  • Mammoth (MMT) traded down 0% against the dollar and now trades at $0.84 or 0.00003643 BTC.
  • yOUcash (YOUC) traded 0% lower against the dollar and now trades at $0.51 or 0.00002215 BTC.
  • FTX Token (FTT) traded 1.2% higher against the dollar and now trades at $30.58 or 0.00132479 BTC.
  • Chainlink (LINK) traded up 1.5% against the dollar and now trades at $7.80 or 0.00033795 BTC.
  • Geegoopuzzle (GGP) traded up 4.2% against the dollar and now trades at $15.57 or 0.00067464 BTC.

About Perpetual Protocol

PERP is a coin. Its launch date was September 5th, 2020. Perpetual Protocol’s total supply is 150,000,000 coins and its circulating supply is 88,775,000 coins. Perpetual Protocol’s official Twitter account is @perpprotocol and its Facebook page is accessible here. The official website for Perpetual Protocol is perp.fi.

According to CryptoCompare, “Perpetual Protocol, launched in 2019 as “Strike Protocol”, is a decentralized perpetual contract protocol for every asset, made possible by a Virtual Automated Market Maker (vAMM) design (constant product curve). Perpetual Protocol is composed of two parts: Uniswap-inspired Virtual AMMs backed by fully collateralized vaults and a built-in Staking Pool that provide a backstop for each virtual market.Focusing exclusively on perpetual swap contracts, the PERP token is Perpetual Protocol’s ERC-20 native token with the main goal to serve in the Perpetual Protocol’s Insurance Fund, which aims to cover any unexpected losses from leveraged trading. PERP holders can stake PERPs to help provide a backstop for the protocol. In return, stakers are rewarded with part of the transaction fees plus staking rewards.The PERP team claims the Perpetual Protocol include the following key features: 20x leverage on-chain perpetual contact, going Long or short on any asset and low slippage. Perpetual Protocol was created by team based in Taipei, Taiwan. “

Perpetual Protocol Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Perpetual Protocol directly using US dollars. Investors seeking to trade Perpetual Protocol should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Perpetual Protocol using one of the exchanges listed above.

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