Perpetual Protocol (PERP) is up 75% in the past week: here is where to buy it
- Current all-time high of the Perpetual Protocol coin is $17.21
- Only 44,129,077 PERP are in circulation supply out of the total supply of 150,000,000 PERP
- The Perpetual Protocol (PERP) is currently ranked at position 89 by its market capitalization
After going up 75%, Perpetual Protocol (PERP) has maintained a bullish trend that started in mid-July and investors are getting interested in the digital coin. To help investors who are wondering what Perpetual Protocol (PERP) is and how and where they can buy it, Invezz has created a simple article that explains all that.
To find out more, scroll down starting from the how & how to buy the perpetual protocol coin online.
How & where to buy the Perpetual Protocol online
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To buy the perpetual Protocol coin online, you need to find a broker/exchange that offers the crypto and sign up for an account with them. Once you do that, you can go ahead to purchase any number of PERP coins you want using the payment methods specified by the exchange or broker.
Here are some of the top crypto exchanges where you can buy the Perpetual Protocol coin:
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What is Perpetual Protocol (PERP)?
Perpetual Protocol (PERP) is the native cryptocurrency for the Perpetual Protocol Decentralized Exchange (DEX). If it’s your first time hearing about the Perpetual Protocol Decentralized Exchange (DEX), it is an on-chain DEX platform designed to allow crypto traders to trade perpetual swap contracts.
The DEX provides makers and takers with 10x leverage and uses and as a DEX, Perpetual Protocol does not require users to create accounts (sign up).
Besides allowing users to trade perpetual swap contracts, users can also earn some fees by providing liquidity to liquidity pools and staking the PERP tokens.
Should I buy Perpetual Protocol coin today?
The Perpetual protocol coin has an ROI of 764.21% according to Coinmarketcap.com. Combining this with the gains that the coin has made in the past week and some may conclude buying Perpetual Protocol today is a wise investment move.
However, investing in cryptos, in general, is risky because of the volatile market prices and therefore requires lots of caution. As such, investors should always invest money they can afford to lose, especially in fast-moving altcoins like Perpetual Protocol.
Perpetual Protocol coin price prediction
Although the Perpetual Protocol coin had a small retracement in June after a sustained bullish trend that started in January 2021, the crypto is once again on a bullish trend, and going by the recent gains over the past week, the coin may move even higher over the coming days. However, it is always important to keep your eyes and ears open because the crypto market is very volatile.