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Highlights
- The PERL crypto happens to be the project of the Perlin's project that aims to bring real-world bioecological assets to the blockchain network.
- The PERL crypto on 14 July witnessed a massive volume gain of 3650.86% and a price rally of over 48.03% at 6:30 AM (GMT +1), according to CoinMarketCap.
- The PERL token on Thursday was trading at US$0.027738 with a trading volume of US$7,20,52,318 over a day.
At a time when the crypto winter phase has stuck the entire crypto market, one crypto which has been quite a mark in the cryptoverse is PERL.eco (PERL) crypto. The PERL crypto happens to be the project of the Perlin's that aims to bring real-world bioecological assets to the blockchain network.
As a Planetary Ecosystem Registration Ledger, its blockchain will focus on tokenising carbon credits, DeFi rewards and NFTs. PERL crypto allows token holders to play a critical role in determining the incentive system, building a broad stakeholder base, and facilitating network economic value flow. Besides, they also get a chance to vote on the ecosystem, thereby getting an opportunity to take important decisions about its future governance.
The PERL crypto on 14 July witnessed a massive volume gain of 3650.86% and a price rally of over 48.03% at 6:30 AM (GMT +1), according to CoinMarketCap.
What is the reason for PERL's rally?
The PERL crypto has been witnessing a bull run for more than a month, registering significant gains. PERL crypto over the past 30 days, posted gains of 85.7%, and over the past week, it has seen a rally of 50.2%, according to CoinGecko.
Image Credit: ©Kalkine Media®; ©Seismiq via Canva.com
The Perlin Project, initially envisioned in 2018, has quickly evolved to complete over 30,000 transactions per second in its DAG. PERL crypto leverages the UMA protocol to generate synthetic assets by operating via the Leaderless Proof-of-Stake blockchain (LPoS). Each synthetic asset comes with its price feed which aims to solve the issues related to the centralised oracle price feeds.
If one looks at PERL's intra-day trading charts, it will reveal that MACD is showcasing a strong momentum, creating a significant gap between the signal line. The MACD line, with its way up, can keep up with the momentum.
Image credit: Trading View
Meanwhile, the Relative Strength Index (RSI) seems to have run out of steam during the intra-day trading, reaching 61.20. The RSI of the PERL token at one point on Thursday had reached a high of 82.76 before collapsing. Having said that, the volume gain witnessed today seems to indicate enough participants in the fray.
Price performance of PERL crypto
The PERL token on Thursday was trading at US$0.027738 with a trading volume of US$7,20,52,318 over a day. The 676th-ranked crypto has recovered from its all-time low of US$0.01045036, which it saw in May earlier this year. The PERL crypto had a live market cap of US$1,36,17,504 with 49,09,38,908 PERL coins in circulation.
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