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Is Populous (PPT) the Best Performing Asian Altcoin?
If you have been following up with Populous (PPT), you have surely noticed an amazing increase of nearly 100% in the course of a couple of days. Populous is still trading in the green, but its performance in the previous week crowned Populous as the best-performing currency among the top 30 coins and token in accordance with the global coin ranking list. After this amazing performance, we are interested in finding out whether Populous could be the best performing crypto among Asian altcoins, as well as have a glimpse at what is waiting for PPT in the future.
Populous and the 95% Rise
Media coverage is extremely important in the world of cryptocurrencies as it is hardly possible to have a massive targeted audience in case you aren’t present in the news and media. While other top coins like Ripple, Litecoin, Bitcoin and Ethereum are constantly talked-about, Populous might seem like a “modest Molly” when it comes to its presence in the media.
However, this case isn’t affecting PPT in reality as this coin even with the media negligence is progressing towards reaching new heights, potentially being the most successful Asian altcoin in the market when it comes to its pace of growth, especially the one shown during the last week when this currency managed to bounce off solidly as it was collecting gains of 95% against the dollar. In addition to this massive wave of gains, PPT has had another wave of positive change in the market as it went up by over 15% on Tuesday, altogether making it the best performing coin of the last week.
Even at the time of this writing and as the April is coming to an end, PPT is still being traded in the green with frequent raises, which indicates in a great portion that Populous is heading towards becoming more popular than it was before.
In case you are not familiar with the main objective of the PPT team, the thing to know is that Populous is in the “business” of helping small and medium enterprises, to successfully and easily perform invoicing, that way preventing losses from unpaid invoices, which is often the case when it comes to small and medium companies.
Populous is currently ranked as the 26th-best currency has been on the top 30 list for quite some time now, but this is one of the rare occasions that we also see PPT making it through an entire week as the top trading altcoin.
The Future of Populous
Populous has announced back in March that their Beta will be released on the 1st of May, which is almost a week away from now. Populous Beta will be tested with several PPT users who would be able to switch their PPT units for the other token set on the Populous platform, called Poken (Populous token). Pokens will be used for purchasing invoices that have been previously selected.
With this version, they are planning on testing the network so that the team would make sure that the network is ready to support the mass market of trading unpaid invoices for and from PPT users.
The fact that the initial date of the launching of Beta version is getting closer, might have something to do with the latest recorded massive rise of PPT in the market. Whichever the reason, it seems that Populous is gaining on its popularity as the 1st of May is approaching.
How is Populous doing at the Current Moment?
Populous has shown some astonishing (and more than just astonishing!) performance in the market during the last week when this token managed to collect a massive rise of 95% in the matter of a week. In addition to the mentioned 95% against the dollar, PPT has gained another 15% within a 24-hour period on Tuesday.
After the latest change in the market, PPT is still trading in the green, however, with smaller rises in oppose to the previous week’s performance.
Populous has gone up today on April 21st, for another 2.47% against the dollar, which means that this token is trading in the green. Moreover, PPT is going up against ETH today for 2.06%.
However, Populous is going down against BTC, which means that Bitcoin is showing a slightly better performance in today’s date as PPT is dropping against BTC for -0.26%.
After the latest change in the market, PPT can be bought at the price of 25.88$ per one token with good odds to reach its all-time high of around 73$ per one unit as recorded back in January in the course of a couple of months, which is more than possible in case PPT continues with the current pace of growth.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Dennis Jarvis via Flickr