The Perpetual Protocol (PERP) token has rallied by 13% in the past 24 hours with bulls determined to push prices towards the $18 level and beyond
The Perpetual Protocol token is currently trading at $16.50 at the time of writing. The PERP coin is up by 13% in a day after a strong push from the bulls managed to sustain buy volumes. The coin could possibly 2X or 3X from the current levels if the bulls manage to prevail. The PERP token registered a record trading volume of $176,053,624 in the past 24 hours. The PERP token is being accumulated in huge quantities by whales who seem to be bullish on the coin.
How & where to buy Perpetual Protocol in the UK and elsewhere
Buying cryptocurrencies will require you to open a trading account on a crypto exchange/broker platform. Avoid using decentralised exchanges as they are unregulated. For your convenience, we have shortlisted two of the best platforms where you can trade easily and securely.
For opening a new account, click on the sign up page of a crypto broker/exchange and submit a username, password and email address. The platform will contact you via email and ask for additional verification as part of the Know Your Customer (KYC) regulations. You will need to provide copies of documents such as a driving license and utility bill to confirm your identity and address respectively.
As PERP is such a new asset, it’s yet to be listed on major exchanges. You can still purchase PERP using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy PERP right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for PERP
Now that you’re connected, you’ll be able to swap for 100s of coins including PERP.
What is Perpetual Protocol?
The Perpetual Protocol is a decentralised platform for trading crypto derivatives. It allows up to 10X leverage for its users. The platform also allows its users to stake the PERP token to earn additional rewards. The transaction fees are shared with users who decide to stake their tokens.
Should I buy PERP today?
The PERP token is currently rallying with rising volumes, usually a sign of heavy accumulation by whales. The coin could possibly reward its early holders with huge gains if the token rallies in the future. The PERP token has the potential to rally further as the buy volumes build up steadily.
This article is informational only—none of the contents should be construed as financial or investment advice.