Prosper price has been in a strong bullish trend for the past few weeks as demand for the coin rises. It rose to a high of $1.8615, the highest level since December last year. It has recovered more than 1.436% from its lowest level this year, giving it a market cap of over $7.9 million.
What is Prosper and why is it rising?
The betting and prediction market is one of the largest industries in the world. It is also one of the most regulated industries in most countries. Therefore, it was ripe for disruption, especially with the help of the blockchain industry.
Prosper is one of the fast-growing companies looking to disrupt the industry. It describes itself as the first forecasting market with on-chain liquidity aggregation. The platform that uses the PROS token to facilitate transactions in the ecosystem. After making a trade, a person can bet an equal number of PROS token to secure the deal.
There are two main reasons why Prosper price has been in a strong bullish trend for the past few days. First, the coin has risen after it was listed on Binance, the largest exchange in the world. The company made it possible to trade the PROS/BUSD pair.
The PROS price has also risen as investors cheer the recent news of the impending upgrade. The upgrade introduces several features such as Prosper DAO, Prosper Votes, crypt productions, social predictions. Prosper DAO will be a package that will allow users to vote through the community with their tokens and NFTs. Therefore, investors believe that the currency will continue to rise in the coming months.
Prosper price prediction
The daily chart shows that PROS price has been in a strong bullish trend for the past few weeks. Meanwhile, the coin has risen above the key resistance level at $0.9490, which was its high on April 2.
The coin has also risen above all moving averages, which is usually a bullish sign. Also, it moved slightly above the neckline of the inverted head and shoulders pattern. Therefore, there is a good chance that the coin will continue to gain momentum as sellers target the next key USD 3 resistance level.
Where to buy Prosper.
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited for more experienced investors and it offers a large number of cryptocurrencies to choose from, with over 600. Binance is also known for its low trading fees and a multitude of trading options that its users can take advantage of such as; peer-to-peer trading, margin trading and spot trading.
Buy PROS with Binance today