Populous (PPT) and the Latest Drop

Populous is trading in red “thanks” to the latest change in its price. The fact that this currency suffered a fall in its price recently is no wonder since the last few weeks was a disaster for most currencies on the market. That is how we have seen even the giants like Ethereum and Bitcoin going down, while only a few currencies somehow managed to remain immune to these negative changes ravaging the crypto market. What do we know about PPT so far and what should we know for the time to come? Let’s see.

What is Populous?

Populous, or otherwise known as PPT, is a currency that works as a peer-to-peer platform, based on blockchain technology. The main idea behind populous is to help out small and medium companies and enterprises to find a way of obtaining a constant flow of money into their business. One of the biggest problems almost any small or medium enterprise faces at least once in a lifetime (unfortunately more than just once in reality) is the issue of late payments and difficult invoicing. It is shown that it is lost over 2 million dollars annually only in the UK in form of missed opportunities and non-responded invoices.

Selling unpaid invoices might be a bit hard these days, so Populous platform is there to help you out. So, whether you are having problems with short-term liquidity or getting paid for your services on time, you can find the answer to all those issues on PPT platform.

In case you have unsold invoices, you can easily upload them on the market within the Populous platform and wait for them to get sold so you can cover your losses. The platform uses smart contracts just like Ethereum, so making new business deals are also made easy and simple. You can in only a couple of clicks, seal the deal, send your invoices or upload your unsold invoices to the market where you can sell them.

However, before you are able to list your invoices and sell them on the auction, you must first make an account for your company and wait for it to get approved. This way, PPT is protecting all parties involved in the trading and using smart contracts for sealing business deals or buying unsold invoices. For this improved experience PPT platform is using Altman-Z score formula and XBRL.

How is Populous Doing at the Current Moment?

After having a pretty successful period over the last few months, where PPT currency was trading at over 30$ per one unit, this currency is now having a minor downfall.

Whether the fall is truly “minor” or it represents the beginning of series of drops in price is yet to be seen. For now, PPT is trading at 21.55$ per one unit. This is the case after the most recent drop in its price that concluded the price in the last 24 hours.

The initial drop was -8.99% against the dollar and a bit over -4 and -5 percent against BTC and ETH.

Although the drop cannot be considered as minor at this point, the latest drop in the price that affected PPT as well is not a strange case as most currencies were dropping during the last week that was at the same time the toughest week of the month for almost all cryptocurrencies out there.

It is expected that all these, or most of these currencies along with PPT, will eventually rise and bounce from current levels.

We will be updating our subscribers as soon as we know more. For the latest updates on PPT, sign up below!

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.

Image courtesy of coinmarketcap.com