2022-12-20 14:51 |
In this guide, we will voice our own and market’s opinion on PERP future while discussing Perpetual Protocol price forecast for 2023 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 world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. 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:
Perpetual Protocol Price Prediction 2023
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
Our prediction model sees PERP reaching new highs in 2025:
$ 2.40PERP price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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