- The top gainer cryptocurrency of the day is PERP.
- PERP has surged nearly 60% within the past 24-hours.
- The platform understands the importance of new partnerships and updates.
Among the growing technology, blockchain is the significant tech that is integrated into most of the platforms. Blockchain technology offers users security and high-speed transactions at a low cost. Significantly, one of the use cases of blockchain technology is decentralized exchange. DEX has also risen in popularity and adoption.
DEX is a type of crypto exchange that allows transactions directly via online securely without intermediaries. As it does not require a third party or intermediary, DEX has captured the interest of investors to choose this technology. Similarly, Perpetual Protocol (PERP) is also a decentralized exchange that has been listed as the top gainer of the day.
Perpetual Protocol is a decentralized exchange (DEX) that offers highly efficient liquidity provisioning as well as up to 10x leverage for makers and takers. The goal of PERP is to make powerful trading tools more available to the general public.
Current Market Status
At the time of writing, the trading price of PERP is $17.15 with a trading volume of $283,119,944 in the past 24-hours. According to Coinmarketcap, the price value of PERP has soared to 58.63% within a day and holds 81st rank. Moreover, the current circulating supply of PERP coins is 68,700,000.
The chart displays the bullish pattern for the past 24-hours. The price value of PERP has skyrocketed from $10.67 to $18.85 within a day. With the 7-day statistics, the price has risen to 22% but however, PERP’s price is still 30% lower than its ATH. Moreover, it is available in top exchanges like Binance, Mandala Exchange, OKEx, FTX, and ZT.
Furthermore, PERP made it to reach this level with so much effort from its network. The platform has covered the attention of seekers in the crypto market which led to price hikes. Moreover, on September 25, Perpetual Protocol conducted an AMA session on “why partnership and integration”.
As a matter of fact, the platform focuses on building new partnerships and integrating technology as well as features to its ecosystem. Thus, the advancements and updates from the network might grab the attention of investors which results in a price surge. However, the users had their sweet spot for the past couple of days and they expect more highs. If the trend continues then it may also crack its ATH level and set-up a new all-time high.
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