PROS price has defied gravity over the past few weeks as demand for the coin has increased. The Prosper token jumped to a high of $0.7451, which was the highest since April 14. It’s up over 455% from its lowest point this year, giving it a market cap of over $2.8 million.
What is the Prosper crypto?
Prosper is a relatively small blockchain project operating in the prediction and betting markets. It is backed by Tenzor Capital, Prometheus Labs, Ava Labs and Bonded Finance. The platform is based on the BNB Chain, formerly known as the Binance Smart Chain.
The concept behind Prosper is simple. Anyone can visit the site and predict where a given cryptocurrency will go in a given amount of time.
To do this, users first visit the website and then link their wallets. Metamask is the most recommended wallet. After that, you should add the network. Finally, select the currencies you want to predict and choose the amount you want to bet. Finally, the system will redirect you to Metamask to verify your account.
Some of the key benefits of using Prosper are that it is retail oriented, has fiat integration, has an insurance system and has custom pools owned by members.
PROS is the native token for the Prosper ecosystem. It is used to help users create their custom pools and ensure the process.
The PROS token has defied gravity for the past few weeks as demand for its prediction market has increased. According to the developers, the number of users has risen sharply in recent weeks.
PROS Price Prediction
The daily chart shows that the PROS price has recovered strongly in the past few weeks. This recovery came after the coin fell to a low of $0.1170. It has recovered and moved above the 25-day and 50-day moving averages.
At the same time, the Relative Strength Index (RSI) has surged above the overbought level as momentum has continued to build. Therefore, the coin is likely to continue higher as buyers target the key resistance level at $0.9490, which was the highest level on April 3rd.
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