The Perpetual Protocol is currently at the #393 rank in the list of top cryptocurrencies by market cap. It had an ATH of $24.84 on Aug 30, 2021, while the current price is only $1.2, down by 95% from its ATH. Has the PERP token lost its charm? Will PERP crypto recover in the future? Find out answers to all these and other relevant queries in our Perpetual Protocol price prediction and much more.
- Based on the Perpetual Protocol price prediction for 2024, the PERP token is anticipated to reach $3.29 by the end of this year.
- The PERP crypto is expected to have minimum and maximum prices of around $2.12 and $4.74, respectively, as per our Perpetual PERP price prediction for 2025.
- As per our PERP coin price prediction for 2030, the Perpetual crypto will have a maximum price of $8.84, while the minimum price may be around $5.06.
What is Perpetual Protocol?
In late 2019, Perpetual Protocol (PERP) was launched under the name of Strike Protocol. At the heart of Perpetual Protocol is the decentralized exchange (DEX) based on Ethereum and xDai. PERP is a decentralized perpetual contract protocol for every asset, made possible by the vAMM, which stands for Virtual Automated Market Maker.
Financers can trade using the Virtual Automated Market Makers directly without relying on the counterparties. The vAMM provides guaranteed liquidity with predictable pricing set by product curves. These are also designed to allow collateralized trading and to remain market-neutral. Perpetual Protocol holders can become stakers by staking their PERP tokens to a Staking Pool. For this, the holders are rewarded with a portion of the transaction fees as stable coins plus the staking rewards in PERP.
Perpetual Protocol (PERP) also has a utility token with the ability to incentivize its structures and create an engaging community for its users, allowing the governance of the protocol development in a decentralized manner. The project goal of the creators is to create the most accessible and secure decentralized platform for derivatives trading.
Perpetual Protocol (PERP)
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What is PERP?
PERP is the Perpetual Protocol’s native token, a standard ERC-20 token on Ethereum, and DAO issues it. The PERP token is primarily a utility token designed to facilitate and incentivize the decentralized governance of the protocol. By this, the holders of the PERP tokens gain voting rights proportional to their holding of the token. It has three use cases: Governance, Staking, and Exchange backstop.
PERP has also introduced an insurance funds feature. This is the first line of defense in the event of unexpected losses. These might result either from losses in the liquidation process or the inability of the investors to fund their position payments. This fund accrues through the protocol used, where 50% of the transaction fee is deposited. If the Insurance fund is depleted, a smart contract will be triggered, mint a new PERP, and immediately sell those PERPs for collateral in the vault to protect the system’s solvency.
Perpetual Protocol (PERP)
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Perpetual Protocol Technical Analysis
During 2021, the daily trading volume of Perpetual Protocol fluctuated day by day as there was massive volatility in the crypto market. After hitting an all-time high at $24.84 in August 2021, the PERP coin faced significant correction and continued a price fall during the year 2022.
However, since the beginning of 2023, the price of Perpetual Protocol has started a recovery but couldn’t manage to cross its long-term resistance of $1.4 till the end of the year. From the beginning of 2024, the PERP coin has reflected continual bullish momentum. Currently, the Perpetual Protocol price is trading around $1.25.
Based on the current price trend and our analysis, the PERP coin is still a good buy and holds the potential to be a good investment option for the long term.
The chances of the PERP token maintaining a sideways trending market may be less, as the current possibility is a moderate bullish momentum. And in the long run, the PERP coin price might breakout and record a rally. This will ideally be followed by strong market participation, resulting in a higher accumulation of the PERP token.
Perpetual Protocol (PERP)
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Perpetual Protocol Price Prediction: Experts’ Opinion
As per the Perpetual Protocol forecast data analysis, the price of PERP is expected to cross the level of $2.55. By the end of the year, Perpetual Protocol is expected to reach a minimum fee of $1.04. In addition, the PERP price is capable of getting a maximum level of $2.57.
Digital Coin Price
Perpetual Protocol price is forecast to reach a lowest possible level of $1.63 in 2024. As per our Perpetual Protocol price prediction, the PERP price could reach a maximum possible level of $2.02 with the average forecast price of $1.69.
Price Prediction
Our Perpetual Protocol price prediction for the year 2025 shows PERP reaching an average price of $2.32 mark.
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Perpetual Protocol (PERP)
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Perpetual Protocol Price Prediction: 2024-2030
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We have used technical analysis and predictive data modeling algorithms to forecast the price predictions for the PERP token over the next few years. Although using historical data to predict the future is not the proper indication of the price, it should be noted that crypto price predictions are not horoscopes.
Investors must understand their risk tolerance to enter the crypto markets. They can find more information on crypto projections to analyze the risk level. As cryptocurrencies are highly volatile and subject to risks, there always lies a possibility that the whole thing might come crumbling down.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2024 | $1.08 | $3.29 |
| 2025 | $2.12 | $4.74 |
| 2026 | $2.54 | $5.21 |
| 2027 | $2.99 | $6.87 |
| 2028 | $3.49 | $7.59 |
| 2029 | $4.14 | $8.52 |
| 2030 | $5.06 | $8.84 |
PERP Price Prediction 2024
As per the data forecast models and Perpetual Protocol price prediction, the minimum price level may be around $1.08. While the maximum price of Perpetual Protocol could reach $3.29, with an average price of around $2.18 throughout the year 2024.
Perpetual Protocol Price Prediction 2025
According to the technical analysis and PERP price prediction for 2025, the minimum price of Perpetual Protocol could be around $2.12, and the maximum price level could reach $4.47. In comparison, the average price of the PERP token may be around $3.43 in 2025.
PERP Coin Price Prediction 2026
According to the Perpetual Protocol price forecast, the minimum price of PERP is expected to be $2.54. The maximum price is predicted to be around $5.21 while maintaining the average price of around $3.87 for the entire year 2026.
Perpetual Protocol Prediction 2027
As per the Perpetual Protocol predictions, the price of PERP is predicted to reach a minimum price of $2.99. The Perpetual Protocol price can reach a maximum value of $6.87. At the same time, the average price throughout the year is forecasted to be around $4.93.
Perpetual Protocol Price Prediction 2028
According to the PERP price prediction, the minimum value of the token may be around $3.49, and the maximum value may be $7.59. At the same time, the average price may be around $5.54 in 2028.
Perpetual Protocol Crypto Price Prediction 2029
In 2029, the Perpetual Protocol may trade in a range of $4.14 to $8.52, where the former is the minimum price level and the latter is the maximum price level for the entire year. While the PERP token may trade at an average of $6.33.
Perpetual Protocol Price Prediction 2030
According to the PERP price prediction for 2030, the crypto would trade at a minimum price of $5.06, with a maximum price of $8.84 in 2030. In comparison, the average price is projected to be around $6.95 during 2030.
Perpetual Protocol (PERP)
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Frequently Asked Questions
Is Perpetual protocol a good investment?
Yes, PERP coin is still a good buy in 2024 as over the last few weeks, the price of Perpetual Protocol reflects positive momentum, and it holds potential. As per our price forecast, it is currently profitable to invest in the PERP coin.
Where to buy PERP coins?
The exchanges offering Perpetual Protocol are Binance, Mandala Exchange, OKEx, FTX, etc. You can use your existing wallet to seamlessly integrate with it and then exchange your current crypto for the PERP tokens.
Is Perpetual Protocol safe?
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PERP is a good investment considering the safety protocols implemented alongside its existing services. The low slippage and transaction fee are also reasonable to attract more market participation.
What is the Perpetual Protocol price prediction for 2025?
According to our Perpetual Protocol price prediction, PERP is forecasted to trade within a range of $2.12 and $4.74 in 2025.
How much will Perpetual Protocol be worth in 2030?
According to the PERP price prediction, Perpetual Protocol would reach a minimum price of $5.06, with a maximum price of $8.84 in 2030.