The market is filled with new and unknown cryptocurrencies. Only a couple of years ago we used to hear about Bitcoin and a few other coins. But as of now, there is a new coin every other day In the market and it is making chaos as we have never seen. In this post, we will tell you everything you need to know about this new Perpetual Protocol token. If you already invest in it then we will tell you if you should hold or sell the coin. If you are new then we will tell you perp price prediction. And will also tell you if one should buy this to diversify their portfolio or not. So, without further delay let’s start.
What is Perpetual Protocol aka PREP
Strike Protocol was the initial name for Perpetual Protocol, which was introduced in late 2019. Perpetual Protocol is based on an automated market maker (AMM) concept inspired by Uniswap (constant product curve). The liquidity pool (k) of the Perpetual Protocol is virtualized and determined algorithmically. Perpetual Protocol may programmatically set and update the parameters of the virtual AMM (x*y=k) and offer a competitive product for every given market at any time, rather than relying on liquidity providers to define the curve of a specific market.
PERP is the first virtual AMM (vAMM), according to the researchers, that enables markets with no makers while yet ensuring on-chain liquidity.
perp price prediction 2021-2023
As of now the coin is trading at $17.06 and a few weeks ago it was trading at $24.84. If you are someone who does not know the bigger picture you might think that this is a big dump and the coin is not worth investing. But if you see the bigger picture you will find out that a few months ago it was trading at $7.16. So, now you can see that from $7 to $17 is a big jump in any crypto market. Based on these predictions we can find out that the coin has potential and it will go higher in the future. By the end of 2023, the coin could touch the point of 36$.
perp price prediction 2024-2025
There is a high chance that by the end of 2025 the coin will touch $50 point but then anything could happen. And it could go both ways. Perpetual Protocol price equal to $17. 067 USD today but we can not say anything when it comes to the price of crypto since its a highly risky market. So, before you invest the do your own research and then make any decisions.
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