Uniswap

Perpetual Protocol

Secure

Resistance

Coin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Perp Protocol is made for traders focusing on leverage trading and low slippage.</a> </li> 
 <li> <span>2</span> <a>The coin is currently trading on a sideways pattern with some bullish moves.</a> </li> 
 <li> <span>3</span> <a>The Hot Tub’s OP vaults provide a source of passive income for crypto holders.</a> </li> 
</ul> 
<p>Perpetual Protocol is a DeFi project that runs on the Ethereum blockchain and allows users to buy and sell derivative contracts without the need for intermediaries. It uses smart contracts to replicate services offered in derivatives markets, which means users can trust the code to execute trades as written.</p> 
<p>Perpetual Protocol is designed for leverage trading, short positions, and low levels of slippage. It uses a vAMM and collateralization vault to settle trades and enable anyone to access complex financial instruments such as perpetual contracts.</p> 
<h2 class="wp-block-heading" id="strong-the-recent-innovation-of-perpetual-strong"><strong>The Recent Innovation of Perpetual&nbsp;</strong></h2> 
<p>Recently, Perpetual Protocol launched ‘Hot Tub Vaults’ to capitalize on arbitrage opportunities for Optimism’s native OP token. These vaults automate the process of earning profits from arbitrage trading, making alpha accessible to all and giving users access to a sustainable yield.</p> 
<p>Users can deposit Optimism’s OP tokens or USDC stablecoins into the vaults, which will then perform arbitrage trades for the OP token across spot exchanges like Uniswap and Perpetual Protocol’s derivatives exchange.</p> 
<p>The Hot Tub’s OP vaults provide a source of passive income for crypto holders looking to diversify their portfolios. They simplify arbitrage trading by removing complexity and automating the process, making it more accessible to users who may not have the expertise or resources to engage in arbitrage trading manually.</p> 
<h3 class="wp-block-heading" id="strong-secure-and-transparent-strong"><strong>Secure and Transparent</strong></h3> 
<p>The Hot Tub’s arbitrage vaults provide a secure and transparent way for users to participate in arbitrage trading, without any reliance on centralized entities. The use of Optimism’s Layer 2 scaling solution allows for reduced gas fees, making it more cost-effective for users to participate in on-chain arbitrage trading.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-perp-coin-price-strong"><strong>Technical Analysis and Prediction of the PERP Coin Price&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="488" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-394-1024x488.png" alt="PERP Coin " class="wp-image-184257" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-394-1024x488.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-394-300x143.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-394-768x366.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-394-1536x732.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-394-750x358.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-394-1140x544.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-394.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p>The price of Perpetual Protocol has been continuously decreasing since December 2021. In the past year, the price has broken and hasn’t seen a significant recovery or volume price action. In November 2022, the PERP coin price broke again, forming a new low of $0.314, which indicates a bearish signal.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="262" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-395-1024x262.png" alt="PERP Coin " class="wp-image-184258" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-395-1024x262.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-395-300x77.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-395-768x196.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-395-1536x393.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-395-750x192.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-395-1140x291.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-395.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p>Due to substantial selling pressure in the PERP <a href="https://www.thecoinrepublic.com/2023/12/08/gmx-coin-analysis-the-bulls-are-preparing-for-a-comeback/" target="_blank" rel="noreferrer noopener">coin price </a>over the past few months, the current technical analysis foresees higher risk. The PERP coin has the potential to be a good option if the bullish traders invested at lower levels. It is less likely that the PERP token will maintain a sideways trending market.</p> 
<p>The current support levels are at $0.630 and $0.558. Similarly, when we go up, bears are at the resistance levels of $0.7344 and $0.9154. The price prediction at the current market will be bullish, but the bulls will have to break past the immediate price level.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong>&nbsp;</h4> 
<p>Perpetual Protocol has introduced a new feature called ‘Hot Tub Vaults’ which aims to take advantage of arbitrage opportunities for Optimism’s OP token. These vaults offer a way for cryptocurrency holders to diversify their investment portfolios and earn passive income through the OP token. The current price prediction for the PERP coin price is bullish.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $0.630 and $0.558.&nbsp;&nbsp;</li> 
 <li><strong>Resistance Levels: </strong>$0.7344 and $0.9154.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.</p>

PERP Coin Prediction: The Fundamental and Technical Analysis

Table of Contents

Thecoinrepublic.com

Other articles published on Dec 14, 2023

Philippine Binance Ban Starts in 3 Months!

Is APT Going to Zero? Aptos Price Tumbles While New Bitcoin Mining Protocol Locks in $5.2 Million

Why Is Shiba Inu (SHIB) Price Up 7% Today?

Bitcoin surges to $43k amid declining whale activity

BRC-201: Revolutionizing Scalability for BRC-20 Tokens

0xAISwap: Revolutionizing Crypto Trading with Conversational AI

Join our free newsletter for daily crypto updates!