In this guide, we will voice our own and market’s opinion on PERP future while discussing Perpetual Protocol price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Perpetual Protocol.
Now, let’s head into it. Before we delve deep into the Perpetual Protocol price prediction and answer questions if PERP is a good investment or not, why will PERP succeed or fail or why will Perpetual Protocol price rise or drop, let’s quickly throw a glance at what is PERP and its to date history.
Our PERP price forecast suggests the token price will be around $1.29 in the next 90 days.
👉 Perpetual Protocol Price Prediction 2024
Our PERP price forecast suggests the token price will be around $5.14 in 2024.
👉 Perpetual Protocol Price Prediction 2025
We predict the Perpetual Protocol price to hover around $8.44 in 2025 based on our analysis.
👉 Perpetual Protocol Price Prediction 2026
In 2026, we expect the Perpetual Protocol price to be approximately $9.55 according to our price prediction model.
👉 Perpetual Protocol Price Prediction 2027
Our PERP prediction indicates the token price will be in the vicinity of $12.08 in 2027.
👉 Perpetual Protocol Price Prediction 2028
For 2028, we forecast the PERP price to be around $14.61 given current trends.
👉 Perpetual Protocol Price Prediction 2029
Looking ahead to 2029, we estimate the Perpetual Protocol price will settle around $17.15.
👉 Perpetual Protocol Price Prediction 2030
Our PERP price prediction suggests a token price of about $18.14 by 2030 based on projected growth.
What you'll learn 👉
What is Perpetual protocol?
Perpetual Protocol (PERP) is a DeFi (decentralized finance) platform offering leveraged trading via perpetual futures. Founded in 2020 by Yenwen Feng and Shao-Kang Lee, it utilizes the Ethereum-based Optimism layer 2 scaling solution (L2) for its operations.
The protocol enables trading of perpetual futures on its decentralized exchange (DEX) through the Optimism layer 2 solution. It allows traders to amplify their exposure to cryptocurrency assets, offering the potential for higher profits but also greater risks.
Operating as a non-custodial platform powered by smart contracts on the Optimism layer 2 blockchain, Perpetual Protocol ensures users retain full control over their funds. Leveraged trades are facilitated through smart contracts with predefined functions.
Perpetual Protocol incorporates Uniswap’s automated market maker (AMM) system for executing trades. Participants can deposit funds and contribute to market liquidity in various cryptocurrencies like BTC and ETH, earning a share of the platform’s fees for enhancing market liquidity.
PERP, an Ethereum-based ERC-20 token, is integral to the platform, serving in rewards distribution and community governance. By locking PERP in a smart contract, holders can earn protocol rewards and a share of trading fees.
The platform imposes a 0.1% trading fee on each transaction, which currently supports a separate insurance fund. This fund covers potential deficits from failed liquidations or funding payments from the vAMMs. In the future, 50% of these trading fees are planned to be distributed to PERP token holders.
PERP Price Prediction For The Next 90 Days
The cryptocurrency industry has faced increased regulation in 2023, with the SEC and Department of Justice pursuing legal action against major players. This crackdown signals the end of cryptocurrency unbridled early years, as traditional financial institutions enter the market and call for clearer rules. In 2024, significant regulatory clarity is expected. Several factors have fueled this crypto rebound last year. Most notably, Ripple Labs won a key legal victory against the SEC in June, leading to a short-lived price bounce. Renewed institutional interest has also provided a boost, with major firms like BlackRock pushing for Bitcoin ETF approval in late 2023. Bitcoin ETF approvals were done in early January 2024, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications between January 5th and 10th, 2024, potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving scheduled for April 2024, which is expected to further boost Bitcoin, Ethereum, and the broader crypto market. Looking ahead, proposed 2024 changes like new accounting rules for crypto assets and less hawkish central bank policies could impact markets. Updated accounting standards may allow more corporate Bitcoin reserves. Meanwhile, forthcoming Treasury Department cryptocurrency tax guidelines, applying by 2025, could transform regulations around decentralized finance, NFTs, and digital wallets. ETF approvals have proven complex but present future investor opportunities if SEC concerns can be addressed. Bitcoin has more than doubled in 2023, with the recent Wall Street earthquake and upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. By passing $50,000 for the first time since 2021, Bitcoin has climbed over 200% year-to-date. Ethereum has also grown following ETF approvals since now many anticipate ETH ETF approvals could be next. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence in late 2024, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event.
Below is a tabular overview of how will PERP develop in the short-term (for the next 90 days), according to our prediction model:
Perpetual Protocol Price Prediction 2024
Looking at the first half of 2024, the cryptocurrency market shows promising signs of a potential rebound. Bitcoin’s 150% gain in 2023 and renewed institutional interest indicate positive momentum. BTC is now trading well above $50k. Despite regulatory challenges, the market remains resilient, with a total capitalization of $1.97 trillion. Anticipation is high for a positive and prosperous period ahead, with experts closely monitoring market trends and institutional crypto activity, especially after Bitcoin spot ETF approvals in early 2024. All eyes are now on BTC Halving scheduled for April this year and potential ETH ETF approvals later during the year.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
PERP Price Prediction 2025 – 2030 – 2040
Our prediction model sees PERP reaching new highs in 2025:$8.44
PERP price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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