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 $0.6015 in the next 90 days.
👉 Perpetual Protocol Price Prediction 2024
Our PERP price forecast suggests the token price will be around $2.42 in 2024.
👉 Perpetual Protocol Price Prediction 2025
We predict the Perpetual Protocol price to hover around $3.74 in 2025 based on our analysis.
👉 Perpetual Protocol Price Prediction 2026
In 2026, we expect the Perpetual Protocol price to be approximately $4.37 according to our price prediction model.
👉 Perpetual Protocol Price Prediction 2027
Our PERP prediction indicates the token price will be in the vicinity of $5.49 in 2027.
👉 Perpetual Protocol Price Prediction 2028
For 2028, we forecast the PERP price to be around $6.62 given current trends.
👉 Perpetual Protocol Price Prediction 2029
Looking ahead to 2029, we estimate the Perpetual Protocol price will settle around $7.74.
👉 Perpetual Protocol Price Prediction 2030
Our PERP price prediction suggests a token price of about $8.05 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
As the first part of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications 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 post-halving rallies, with the BTC halving now behind us. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $65k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $3,500 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.3 trillion.
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
The cryptocurrency market has shown promising signs for gains in the first few months of 2024, with Bitcoin leading the charge. BTC has first seen an impressive gain, hit new ATH of around $73k in March, but then retraced to the current levels in the $60-65k area. Total market capitalization is currently at around $2.3 trillion (it around $1 trillion in June last year).
This resurgence is buoyed by several factors, including the approval of Bitcoin spot ETFs in early 2024, which has played a pivotal role in attracting institutional investors and boosting market confidence. Moreover, Bitcoin halving is now behind us, but BTC price didn’t perform well around this event (post-halving retracement mentioned above).
However, the growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies. Coins such as RNDR or ENA produced nice gains.
Looking ahead, the market is poised for what many experts believe could be a prosperous period. The Ethereum ETFs approvals are now also a done deal. All in all, the whole crypto community is preparing for the next leg up in this bull run.
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:
$3.74PERP price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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