2021-10-12 14:18 |
In this guide, we will voice our own and market’s opinion on PERP future while discussing Perpetual Protocol price forecast for 2022 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Perpetual Protocol.
Now, let’s head into it. Before we delve deep into the Perpetual Protocol price prediction and answer questions if PERP is a good investment or not, why will PERP succeed or fail or why will Perpetual Protocol price rise or drop, let’s quickly throw a glance at what is PERP and its to date history.
What is Perpetual protocol?Perpetual Protocol is a decentralized perpetual contract protocol for every asset, made possible by a Virtual Automated Market Maker (henceforth referred to as a “vAMM” or “vAMMs”).
Key features of Perpetual Protocol: 20x Leverage On-Chain Perpetual ContactTraders can trade with up to 20x leverage long or short, have transparent fees, and 24/7 guaranteed liquidity.Guaranteed Liquidity Provided by our vAMM
Every asset can be supported via a perpetual contract on Perpetual Protocol. Whether it’s gold, fiat, BTC, BCH, ETH, ERC-20s, XRP, EOS, LTC, ZEC, XMR, and more — Perpetual Protocol can support it all. All that Perpetual Protocol requires is a price feed for the underlying asset from an oracle.Zero Impermanent Loss from Underlying Price Fluctuation
In contrast to popular DeFi protocols that utilize AMMs such as Uniswap and Balancer, the stakers on Perpetual Protocol do not suffer from any impermanent losses caused by price fluctuation. PERP Token
The PERP token is a multipurpose cryptocurrency. The token’s primary role is to operate as a utility token. Users need to hold PERP to interact with the platform’s features. For example, you can stake and provide liquidity using PERP. Notably, the token is ERC-20 compliant. As such, it lives on the Ethereum blockchain.
Community GovernancePerpetual Protocol provides a more democratic DeFi experience via its community governance system. Users can earn more voting rights by holding more PERP tokens. This strategy is popular in the market as it ensures that only those financially invested in the market get a say in its development.
PERP Price Prediction For The Next 90 DaysThe whole crypto market is currently on the verge of a real bull run.
There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap.
Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run.
As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump - we have witnessed this scenario dozens of times in the distanced and more recent history.
Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash.
CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.
Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will PERP develop in the short-term (for the next 90 days), according to our prediction model:
Quick reminder for crypto newcomers
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to …
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to be a holder, then why not put that crypto to work by borrowing it out on crypto lending platforms.
Below are our recommendations:
Exchange: Binance for highest liquidity and coin choice. Gate.io & KuCoin for gem hunters. ByBit for leveraged trading (Margex for really crazy leverages).
Safe hardware wallet: Ledger Nano X, Trezor or CoolWallet Pro.
Tax Tool: Koinly, Cointracking or ZenLedger.
Charting tools & bots: Bitsgap, Coinrule or Cryptohopper.
Lending platforms: BlockFi (for US residents), YouHodler (for EU and rest of the world).
Our prediction model sees a temporary switch to a bear market at the beginning of 2022 before we move onto another leg up in Q3 & Q4 of 2022.
Our prediction model sees PERP reaching new highs in 2025:
$ 147.55PERP price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
Read also:
Mina Protocol Price Prediction | MINA Price ForecastdYdX Price Prediction | DYDX Price ForecastBitcoin Gold Price Prediction | BTG Price ForecastCurve DAO Token Price Prediction | CRV Price ForecastHuobi Token Price Prediction | HT Price ForecastWaves Price Prediction | WAVES Price ForecastHarmony Price PredictionDecred Price PredictionTheta Fuel Price PredictionZcash Price PredictionStacks Price PredictionThe post Perpetual Protocol Price Prediction 2022 – 2025 – 2030 | PERP Price Forecast appeared first on CaptainAltcoin.
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