Perlin (PERL) price increase by 100% as a focus on improved green energy solutions

It can be challenging to gain momentum and investor attention in the best crypto markets, and it’s even more difficult when the market has been as volatile as the entire ecosystem in recent months.

Despite the recent downturn, Perlin (PERL) rose 140% from a low of $ 0.052 on June 8 to a high of $ 0.134 on June 18, while its average 24-hour trading volume rose from $ 3 million to $ 122 million .

The three reasons for the rise in price and demand for PERL are the publication of the PERL.eco registration register, the introduction of PerlinX on the Binance Smart Chain and attractive staking options with which token holders newspapers can benefit from various cryptocurrencies.

Real-world tokenization of biological assets

The PERL rally on June 6th and 14th was a response to the release of PERL.eco, the “Planetary Ecosystem Registry” that enables the tokenization of biological assets in the world.

Introduction of https://t.co/XHApjvv8Cj, Planetary Ecosystem Registry Ledger
Encryption of biological assets in the real world
Read more: https://t.co/OISGvY9wgK#WorldEnosystemDay pic.twitter.com/VfKSCmN6nf

– PERL.eco (@PERL_eco) June 5, 2021

According to the project blog, PERL.eco is an “attempt to democratize the biosphere economy through liquidity pools and to symbolize biodiversity and emission certificates for decentralized financing”.

As an added incentive to hold PERL, airdrops of tokenized CO2 credits are distributed to PERL holding wallets, which token holders can use to “offset their carbon footprint”.

PERL is also used as the DAO’s governance token, which owners can use to vote on the distribution model and fees, as well as participate in other important decisions affecting the ecosystem.

Binance Smart Chain Integration leads to lower fees

A second driver of the increased momentum for PERL is the introduction of the DeFi protocol platform PerlinX on Binance Smart Chain (BSC) in mid-April, a step that is intended to help lower transaction fees.

Work on BSC also enables PerlinX liquidity pools to be listed on PancakeSwap and helps increase the number of farming opportunities available to the PerlinX community.

As a further bonus for PERL liquidity providers, the profits made with PancakeSwap are paid out in the protocol’s native CAKE tokens, which can then be paid back into the Perlin pool in order to earn PERL as interest.

For PERL holders who wish to continue using the Ethereum (ETH) network, the PerlinX platform offers several profit options, including simple staking and liquidity pools between PERL and wrapped ether (WETH). ), Binance USD (BUSD), Balancer (BAL), Dai (DAI) and USD coin (USDC).

According to data from Cointelegraph Markets Pro, market conditions have been quite favorable for PERL for some time.

The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison between historical and current market conditions derived from a combination of data points including market sentiment, trading volume, variables and market sentiment, recent price movements and activity on Twitter.

As can be seen in the graphic above, the VORTECS ™ Score for PERL was in the green for most of the last 7 days and reached a value of 67 on June 14th, about ten hours before the price rose 100% in the next two days. rise. according to the .

With the green energy movement and concerns about the increasing amount of carbon dioxide in the atmosphere at the forefront of global discussions, blockchain projects that offer operational solutions such as Perlin and the PERL platform Its .eco are likely to receive increasing attention.