Perpetual Protocol (CURRENCY:PERP) traded 4.3% higher against the U.S. dollar during the 24-hour period ending at 16:00 PM Eastern on July 22nd. In the last week, Perpetual Protocol has traded down 3.1% against the U.S. dollar. Perpetual Protocol has a market cap of $339.41 million and $24.37 million worth of Perpetual Protocol was traded on exchanges in the last 24 hours. One Perpetual Protocol coin can currently be purchased for $7.79 or 0.00024127 BTC on cryptocurrency exchanges.
Here’s how other cryptocurrencies have performed in the last 24 hours:
- Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00003096 BTC.
- Chainlink (LINK) traded 7.1% higher against the dollar and now trades at $16.08 or 0.00049793 BTC.
- DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
- Polygon (MATIC) traded up 6.1% against the dollar and now trades at $0.90 or 0.00002780 BTC.
- Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00003102 BTC.
- THETA (THETA) traded up 9.2% against the dollar and now trades at $4.61 or 0.00014273 BTC.
- Aave (AAVE) traded up 11.6% against the dollar and now trades at $278.55 or 0.00862445 BTC.
- botXcoin (BOTX) traded down 0.2% against the dollar and now trades at $2.04 or 0.00006310 BTC.
- Crypto.com Coin (CRO) traded 2.3% higher against the dollar and now trades at $0.11 or 0.00000341 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 presently possible to buy alternative cryptocurrencies such as Perpetual Protocol directly using US dollars. Investors seeking to acquire Perpetual Protocol should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Perpetual Protocol using one of the aforementioned exchanges.
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