Perpetual Protocol Price Prediction 2023-2030

MetricValueTrend
Current Market Cap$42.5 MSteady
Trading Volume$13.3 MSteady

MetricLast 24 HoursTrend
Net Social Media Sentiment27.0%Lower

Perpetual Protocol Analysis

PERP Performance Statistics

  • Perpetual Protocol – Performance Statistics
    • 7-Day Trading Volume: $163.7 M
    • 7-Day Fees Collected: $150,658
    • 7-Day Distinct Traders: 941

PERP Derivatives Data

  • The trade volume has decreased significantly by approximately 49.80% to $367.61 million.
  • The open interest has decreased by about 15.30% to $43.60 million.
  • The long/short ratio for PERP derivatives in the last 24 hours is 0.9365.
  • Long/Short Ratio (Accounts):
    • On Binance PERP/USDT, the long/short ratio for accounts is 1.5813.
    • On OKX PERP, the long/short ratio for accounts is 1.11.

PERP Defi vs MUX Protocol (competitor)

  • Total Value Locked: PERP: $13.0M, MCB: $49.2M
  • Market Cap: PERP: $43.5M, MCB: $33.2M

Perpetual Protocol Price Prediction: Technical Analysis

  • The Relative Strength Index is at 48.950, indicating a neutral sentiment.
  • The Stochastic Relative Strength Index is at 19.975, indicating an oversold condition.
  • The Moving Average Convergence Divergence has a value of 0.070, suggesting a “Buy” signal.
  • The Average True Range indicates high volatility at 0.1680.
  • The moving averages analysis indicates the mix of buy and sell signals.

Overall, the technical analysis for the perpetual protocol suggests a sell signal.

Perpetual Protocol Price Prediction Today, Tomorrow and Week

UTC: Oct 2nd, 2023 06:30 PM

  • Perpetual Protocol Price Prediction in the next 24 hours is between $0.614 and $0.664
  • Perpetual Protocol Price Prediction this week is between $0.645 and $0.671

UTC: Oct 2nd, 2023 01:04 PM
Overall OutlookPartially Bearish
1. Market's WisdomPartially Bullish
1a. Market DataNeutral
1b. Technical RecommendationBuy
2. Crowd's WisdomBearish
2a. Social Media BuzzLower
2b. Social Media SentimentLower

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Perpetual Protocol Price Prediction 2023-2030, Aggregated

  • Perpetual Protocol Price Prediction 2023 is $0.976
  • Perpetual Protocol Price Prediction 2024 is $1.42
  • Perpetual Protocol Price Prediction 2025 is $2.22
  • Perpetual Protocol Price Prediction 2026 is $3.11
  • Perpetual Protocol Price Prediction 2027 is $3.72
  • Perpetual Protocol Price Prediction 2028 is $4.90
  • Perpetual Protocol Price Prediction 2029 is $6.98
  • Perpetual Protocol Price Prediction 2030 is $10.3

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Perpetual Protocol Price Prediction: Is Perpetual Protocol a Good Investment?

Perpetual Protocol is a decentralized trading platform that allows users to trade perpetual contracts on a variety of crypto assets. Perpetual contracts are a type of derivative that tracks the price of an underlying asset but do not require the user to take ownership of the asset. This makes them a more flexible and accessible way to trade crypto.

Perpetual Protocol is a non-custodial platform, which means that users retain control of their funds at all times. This is in contrast to centralized exchanges, which hold users’ funds in custody. Perpetual Protocol uses a virtual automated market maker (vAMM) to provide liquidity for its markets. This means that there is no need for order books, which can lead to faster and more efficient trading.

In addition to trading, Perpetual Protocol also offers a number of other features, including:

  • Hot Tub Vaults: Hot Tub Vaults are a type of yield farming that allows users to earn passive income by depositing their assets into a vault. The vault then uses these assets to trade on Perpetual Protocol and generate profits. Users can withdraw their funds from the vault at any time.
  • Lazy River Staking: Lazy River Staking is a way for users to earn a yield on their PERP tokens. PERP tokens are the native tokens of Perpetual Protocol and can be used to trade on the platform. By staking their PERP tokens, users can earn a share of the protocol’s fees.
  • Perp Rewards Dashboard: The Perp Rewards Dashboard provides information on the rewards available for liquidity providers and stakers. Liquidity providers are users who add liquidity to Perpetual Protocol’s markets. Stakers are users who lock their PERP tokens in order to earn yield. The dashboard shows the total rewards available, as well as the APR (annual percentage rate) that users can earn.

Perpetual Protocol is a decentralized trading platform that offers flexibility in asset choices with up to 10x leverage, ensures user fund security, and is governed by its community. However, it has a complex interface that may be challenging for beginners, involves trading risks, and some of its markets may lack liquidity, leading to slippage.

$PERP Token Utilities Summary

  • Token Overview:
    • $PERP is the native ERC-20 token for Perpetual Protocol.
    • It serves two main functions: staking and governance.
  • Staking:
    • Allows $PERP holders to “stake” their tokens for a set period.
    • Stakers receive:
      1. PERP-denominated staking rewards.
      2. 50% of network trading fees in USDT.
    • The other 50% of trading fees contribute to the Insurance Fund.
  • Governance:
    • Staked $PERP tokens are used for voting or proposing protocol improvements.
    • In the initial phases, major decisions will be made by core protocol contributors.
    • Aims to have more distributed decision-making as the token sees wider distribution.

Perpetual Protocol Price Performance

  • Year to Date: +65.2%
  • Last 12 Months: -13.5%
  • Since Launch (2020): -68.9%

Overall, Perpetual Protocol Token has been a moderate case for Investment

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Perpetual Protocol Price Prediction: Where to buy?

Top 5 Markets by trading volume

  • Binance
  • BIKA
  • Bitvavo
  • SuperEx
  • OKX

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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