Thu, December 7

PERL Token Price Rallies to 140% Following Launch

PERL Token Price Rallies to 140% Following Launch Altcoin News
  • PERL’s 24-hour trading volume surged from $3 million to $122 million.
  • Following the launch and Listing BSC, the price soared.
  • Listing on Binance Smart Chain leads to low transaction fees.

Perlin (PERL) bills itself as a leaderless, scalable, PoS smart contract platform. It intends to supply the future of decentralized technologies while accelerating the transformation of international trade.

For the past few months, the crypto market has been experiencing a collapse which made investors struggle in trading.  Besides,even in downtime of the crypto market, PERL maintained a stability supporting the investors.   

PERL has rallied 140% from $0.052 to $0.134 in just 10 days. The average 24-hour trading volume of PERL has surged from $3 million to $122 million. 

Moreover, it is discovered the reason for the price hike includes the release of Registration ledger, listing on Binance Smart Chain (BSC), and fascinating staking option. This option enables token holders to earn a yield on cryptocurrencies.

The launch of (Planetary Ecosystem Registration Ledger) took place on June 5th,2021. In regards to the launch, the price of the token rallies on June 6 and June 14. 

Besides, stated that, 

“ is an attempt to democratize the biosphere economy by utilizing liquidity pools and tokenizing ecosystems and carbon credits for decentralized finance”.

Moreover, PERL token holders can participate in voting for the important decisions which affect the ecosystem.

Listing on BSC Leads to a Low Transaction Fee

The other main reason for the surge in price is the launch of a token on Binance Smart Chain in mid-April for low transaction fees.

Following the launch of the protocols Defi interface platform PerlinX on BSC, PerlinX’s liquidity pools were also available on PancakeSwap. Furthermore, it helped the community in getting farming opportunities and users can earn a yield on PancakeSwap with its native token CAKE.

Significantly, blockchain projects that provide working solutions for the green energy concerns of increased carbon-dioxide will definitely gain traction.

Recommended for you

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.