In this guide, we will share our and the market’s views on the future of PERP as we discuss the Perpetual Protocol price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like the Perpetual Protocol.
Now, let’s get into it.
Before we delve into the pricing prediction of the Perpetual Protocol and answer the questions of whether PERP is a good investment or not, why PERP will succeed or fail, or why the price of the Perpetual Protocol will rise or fall, let’s quickly take a look at what PERP is and its history to date.
Table of Contents:
What is the Perpetual Protocol?
The Perpetual Protocol is a decentralized perpetual contract protocol for each asset, made possible by a Virtual Automated Market Maker (hereinafter referred to as “vAMM” or “vAMM”).
Key features of the Perpetual Protocol:
- 20x On-Chain Perpetual Contact
Traders can trade with up to 20x long or short leverage, have transparent commissions and guaranteed liquidity 24/7. - Guaranteed liquidity provided by our vAMM
Each resource can be supported through a perpetual contract on the 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 the Perpetual Protocol requires is a price feed for the underlying asset from an oracle. - Zero impermanent losses resulting from fluctuations in underlying prices
Unlike popular DeFi protocols that use AMM such as Uniswap and Balancer, stakers on the Perpetual Protocol do not suffer from impermanent losses caused by price fluctuations.
PERP Token
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The PERP token is a multi-purpose cryptocurrency. The main role of the token is to operate as a utility token. Users must hold PERP to interact with platform features. For example, you can target and provide liquidity using PERP. Specifically, the token is ERC-20 compliant. As such, it lives on the Ethereum blockchain.
Community governance
Perpetual Protocol offers a more democratic DeFi experience through 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 who invest financially in the market have a say in its development.
PERP Price Prediction for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Perpetual Protocol Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
PERP Price Prediction 2025 – 2030 – 2040
Our forecast model predicts that the PERP will reach new highs in 2025:
$2.28
The PERP price in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.
