Perpetual Protocol (PERP) traded up 0.7% against the U.S. dollar during the 1 day period ending at 17:00 PM E.T. on May 14th. Perpetual Protocol has a total market cap of $97.83 million and approximately $15.62 million worth of Perpetual Protocol was traded on exchanges in the last day. In the last seven days, Perpetual Protocol has traded down 44.8% against the U.S. dollar. One Perpetual Protocol coin can now be purchased for $1.28 or 0.00004358 BTC on exchanges.
Here’s how related cryptocurrencies have performed in the last day:
- BITCOIN ADDITIONAL (BTCA) traded 1.8% lower against the dollar and now trades at $29,361.83 or 1.00019812 BTC.
- Binance USD (BUSD) traded 0.2% lower against the dollar and now trades at $1.00 or 0.00003407 BTC.
- Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
- Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
- DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
- Dai (DAI) traded 0% higher against the dollar and now trades at $1.00 or 0.00003406 BTC.
- THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
- Polygon (MATIC) traded down 4.5% against the dollar and now trades at $0.66 or 0.00002245 BTC.
- FTX Token (FTT) traded 1.6% lower against the dollar and now trades at $30.79 or 0.00104889 BTC.
Perpetual Protocol Profile
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 purchase alternative cryptocurrencies such as Perpetual Protocol directly using U.S. dollars. Investors seeking to trade Perpetual Protocol should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Perpetual Protocol using one of the aforementioned exchanges.
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