Perpetual Protocol $PERP , leveraging its virtual Automated Market Maker (vAMM) design, enables decentralized trading of perpetual contracts with leveraged & short positions, eliminating traditional counterparties. With a total supply of 150 million tokens and 44% in circulation, PERP plays a significant role in the decentralized finance (DeFi) ecosystem.

Despite its technological innovations, $PERP has faced price volatility, peaking at $24.40 in August 2021 and dipping to $0.31 in June 2023. Recent technical analysis suggests a short-term price target of $3, driven by platform enhancements and increasing interest in its unique DeFi offerings.

While PERP's focus on UX user experience & asset expansion positions it as a promising project, market uncertainties & competition remain significant challenges. Investors should evaluate risks carefully while monitoring the protocol's growth and adoption trajectory.

#PerpetualProtocol #perp #Cryptopedia #InvestoPedia