Perpetual Protocol (PERP) Hits Market Capitalization of $88.23 Million

Perpetual Protocol (PERP) traded up 3.9% against the U.S. dollar during the 24 hour period ending at 19:00 PM E.T. on September 23rd. Perpetual Protocol has a market capitalization of $88.23 million and approximately $4.69 million worth of Perpetual Protocol was traded on exchanges in the last day. In the last seven days, Perpetual Protocol has traded 5.1% lower against the U.S. dollar. One Perpetual Protocol coin can currently be purchased for about $0.59 or 0.00003057 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0504 or 0.00000262 BTC.
  • CareCoin (CARES) traded 99.8% lower against the dollar and now trades at $0.0626 or 0.00000325 BTC.
  • OmniaVerse (OMNIA) traded up 5.2% against the dollar and now trades at $0.0047 or 0.00000024 BTC.
  • Euro Coin (EUROC) traded down 0% against the dollar and now trades at $0.83 or 0.00004313 BTC.
  • Jeff in Space (JEFF) traded flat against the dollar and now trades at $2.12 or 0.00011031 BTC.
  • Lumi Credits (LUMI) traded 1.4% higher against the dollar and now trades at $0.0149 or 0.00000078 BTC.
  • AXIA Coin (AXC) traded up 0% against the dollar and now trades at $13.43 or 0.00070385 BTC.
  • MVP Coin (MVP) traded 28.6% lower against the dollar and now trades at $2,053.00 or 0.10760105 BTC.
  • Tarality (TARAL) traded 11.3% lower against the dollar and now trades at $0.0008 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded 213.7% higher against the dollar and now trades at $517.71 or 0.02213862 BTC.

Perpetual Protocol Profile

Perpetual Protocol was first traded on September 5th, 2020. Perpetual Protocol’s total supply is 150,000,000 coins. Perpetual Protocol’s official Twitter account is @perpprotocol and its Facebook page is accessible here. Perpetual Protocol’s official website 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.”

Buying and Selling Perpetual Protocol

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Perpetual Protocol using one of the aforementioned exchanges.

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