Is Perpetual Protocol a Good Investment?

PERP is a good token to include in your crypto portfolio, especially if you believe in the future potential of decentralized finance (DeFi). As one of the leading DeFi protocols offering perpetual futures trading in the market, the platform provides advanced features for experienced traders. The PERP price could strengthen as more traders use its platform. This can be caused by a favorable outlook toward DeFi in general when Perpetual Protocol announces support for new assets or expands to new blockchain ecosystems. The price of Perpetual Protocol crypto could also increase when the developers announce new upgrades that improve the overall efficiency and performance of the dApp. This could make it more attractive to use than other competitors, supporting the value of PERP token.

What Is Perpetual Protocol Price Prediction?

Although providing an accurate PERP token price prediction is impossible, you can monitor several vital fundamentals to understand price action and volatility in the Perpetual Protocol coin. These include: On-chain Activity A higher volume of trading activity on the Perpetual Protocol is one of the most significant factors boosting the PERP price statistics. The demand for PERP crypto rises among investors and traders when higher trading volume or more assets are listed on the platform. Future Developments Investor confidence in the token increases when Perpetual Protocol announces new upgrades that improve its efficiency and operations. Increasing the speed, introducing new features, expanding to new blockchain networks to unlock more liquidity, etc., are some examples that can support the price of PERP token in the market. Market Sentiment In particular, market sentiment toward cryptocurrencies and DeFi can also drive an uptrend in the Perpetual Protocol token price. A bullish or risk-on mood encourages buying activity in the market that can increase the PERP price. However, a bearish or risk-averse sentiment can cause sell-offs that weaken the value of PERP crypto.

What Is PERP Token Used For?

$PERP is the utility token of Perpetual Protocol and is used in the following ways: Governance PERP holders enjoy voting rights on Perpetual Protocol. They can submit proposals, vote on other users’ proposals, and contribute to the decentralized governance mechanism to shape the project’s future evolution. Staking Token holders can also lock PERP on the protocol to earn rewards in USDC from a percentage of the protocol fees generated by Perp. The rewards are distributed to PERP stakers every week. Crypto Asset to Trade and HODL Trade Perpetual Protocol against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell PERP against other cryptos or hold it long-term if you believe in the future potential of Perpetual Protocol. Review the current price of Perpetual Protocol coin, PERP current market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the PERP price chart before trading the token.

How Many PERP Coins Are There?

Out of the total supply fixed at 150 million, the circulating supply of PERP tokens as of March 2023 is a little over 66 million. According to the Perpetual Protocol tokenomics, the token distribution of PERP is as follows: 1. 54.8% was allocated to the ecosystem and distribution of rewards. 2. 21% was given to the team and advisors behind the project. 3. 15% was distributed among the project’s strategic investors. 4. 5% of PERP tokens were distributed on Balancer’s Liquidity Bootstrapping Pool (LBP) in September 2020. 5. 4.2% of the total supply was given to Perp’s seed investors.

How to Stake PERP on Perpetual Protocol

Staking PERP on Perpetual Protocol allows you to enjoy unique benefits, including earning a percentage of protocol revenue in USDC and rebates via referrals. Here’s how to stake PERP: 1. Visit the Lock PERP section of the Perpetual Protocol dApp and connect your wallet to the interface. Ensure your wallet is funded with sufficient tokens by buying PERP on KuCoin or other supported platforms and withdrawing your tokens to your wallet. 2. Click on the Lock PERP button on this page. 3. Enter the number of PERP tokens you wish to lock or stake and set the Lock Time between 1 and 52 weeks. 4. Approve and confirm the transaction using your wallet. 5. Sit back, earn rewards, and grow your crypto holdings by staking $PERP via Perpetual Protocol.

How to Buy Perpetual Protocol (PERP)

Price of Perpetual Protocol (24h)$0.7196145761007472

3.56%

Real-Time PERP Rate Converter

Interested in buying Perpetual Protocol (PERP) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Perpetual Protocol (PERP) instantly wherever you are! Check out all the ways you can buy PERP on KuCoin.

Buy Perpetual Protocol (PERP) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Perpetual Protocol (PERP)

Use a variety of payment options to buy Perpetual Protocol on KuCoin. We'll show you how.

Choose How You Want to Buy Perpetual Protocol on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Perpetual Protocol (PERP).

Buy Perpetual Protocol (PERP) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Perpetual Protocol (PERP). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Perpetual Protocol (PERP) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Perpetual Protocol (PERP).

Tip: KuCoin offers a variety of order types to buy Perpetual Protocol (PERP) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Perpetual Protocol (PERP) in your Trading Account.

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How to Store Perpetual Protocol (PERP)

The best way to store Perpetual Protocol (PERP) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Perpetual Protocol (PERP).

Store Perpetual Protocol in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Perpetual Protocol in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Perpetual Protocol (PERP) to a non-custodial wallet. Storing Perpetual Protocol (PERP) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Perpetual Protocol (PERP) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Perpetual Protocol (PERP).

What Can You Do with Perpetual Protocol (PERP) on KuCoin?

Hold

Store your Perpetual Protocol (PERP) in your KuCoin account.

Trade

Trade Perpetual Protocol (PERP) in the spot and futures markets.

Earn

Earn passive income by staking or lending Perpetual Protocol (PERP).

Why Is KuCoin the Best Platform to Buy Perpetual Protocol (PERP)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Perpetual Protocol and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Perpetual Protocol (PERP) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain PERP in an instant when you buy on KuCoin.

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FAQ

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Perpetual Protocol (PERP) Price Analysis

Live Price

The live price of PERP is 0.7557 USD, representing an increase of 9.71% in the past 7 days and 3.56% increase in the past 24 hours.

Historical Trends

The all-time high of PERP was 24.84 USD on 08-30, 2021, from which the coin is now down -96.96%.
The all-time low of PERP was 0.3145 USD, from which the coin is now up 58.38%.

ATL0.31454560591595576

ATH$ 24.84

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Disclaimer

Given the nature of the crypto market, the price of Perpetual Protocol (PERP) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.