In the best period of the cryptocurrency market, generating momentum and attracting the attention of investors can be a challenge, and when the entire crypto ecosystem has been turbulent in the past few months, it is a greater challenge.
Despite the recent downturn, Perlin (PERL) has successfully rebounded from a low of $0.052 on June 8 to a high of $0.134 on June 18, and its 24-hour average trading volume has soared from $3 million to $122 million.
The three reasons for the increase in PERL price and demand include the release of PERL.eco’s registered ledger, the launch of PerlinX on the Binance smart chain, and attractive mortgage options that allow token holders to earn income through various cryptocurrencies.
Tokenize real-world biological assets
The rise of PERL on June 6th and June 14th was in response to the release of PERL.eco, which is the “Planetary Ecosystem Registered Ledger”, which enables the tokenization of real-world biological ecological assets.
Introduction https://t.co/XHApjvv8Cj, Planetary Ecosystem Register
Tokenization of real-world biological ecological assets
read more: https://t.co/OISGvY9wgK#World Environment Day pic.twitter.com/VfKSCmN6nf
— PERL.eco (@PERL_eco) June 5, 2021
According to the project’s blog page, PERL.eco is “an attempt to democratize the biosphere economy through the tokenization of liquidity pools and biodiversity and carbon credits to achieve decentralized finance.”
As an additional incentive to hold PERL, the airdrop of tokenized carbon credits will be distributed to wallets holding PERL, and token holders can use these wallets to “offset their carbon footprint or in the liquidity pool when the token is issued Trading”.
PERL will also be used as the governance token of the DAO, enabling holders to vote on allocation and fee models and participate in other important decisions affecting the ecosystem.
Binance Smart Chain integration leads to lower fees
The second driver of PERL’s growth momentum is the launch of PerlinX, a protocol DeFi interface platform, on Binance Smart Chain (BSC) in mid-April, which aims to help reduce transaction costs.
Operating on BSC also allows PerlinX’s liquidity pool to be listed on PancakeSwap and helps increase the number of agricultural opportunities available to the PerlinX community.
As a further reward to PERL liquidity providers, the income obtained on PancakeSwap is paid in the agreed local CAKE token, which can then be re-deposited into the Perlin pool to earn PERL as a form of compound interest.
For PERL holders who wish to stay on Ethereum (Ethereum) Network, the PerlinX platform provides a variety of options for earning income, including simple pledges and PERL and Wrapped Ether (WETH), Binance USD (BUSD), Balancer (BAL), Dai (DAI) and USD Coin (USDC).
According to the data from Cointelegraph Markets ProFor some time, PERL’s market conditions have been very favorable.
Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.
As shown in the figure above, PERL’s VORTECS™ score has been in the green state for most of the past 7 days, and it scored 67 on June 14, which is approximately ten hours before the 100% price increase in the next two days.
As the green energy movement and concerns related to the increase in carbon dioxide content in the atmosphere become the forefront of global discussions, blockchain projects that provide working solutions such as Perlin and its PERL.eco platform may receive more and more attention.
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