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

Perpetual Protocol (PERP) traded 3.9% lower against the dollar during the 1 day period ending at 13:00 PM E.T. on August 6th. Perpetual Protocol has a market capitalization of $97.03 million and approximately $22.10 million worth of Perpetual Protocol was traded on exchanges in the last day. One Perpetual Protocol coin can currently be purchased for about $1.09 or 0.00004734 BTC on popular exchanges. During the last week, Perpetual Protocol has traded up 17.1% against the dollar.

Here is how related cryptocurrencies have performed during 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 down 0% 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 down 0.1% against the dollar and now trades at $1.00 or 0.00004328 BTC.
• Polygon (MATIC) traded up 1.2% 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 down 0% against the dollar and now trades at $0.51 or 0.00002215 BTC.
• FTX Token (FTT) traded up 1.2% 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.

Perpetual Protocol Profile

Perpetual Protocol (CRYPTO:PERP) is a coin. It was first traded on 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. 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. “

Perpetual Protocol Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Perpetual Protocol directly using U.S. dollars. Investors seeking to trade Perpetual Protocol should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Perpetual Protocol using one of the aforementioned exchanges.