PROS price has defied gravity. Is the Prosper coin a buy?

PROS prices have defied gravity over the past few weeks as demand for the coin has increased, with the Prosper token jumping to a high of $0.7451, its highest level since April 14th. It has jumped more than 455% from its lows this year, bringing its market cap to over $2.8 million.

What is Prosper Cipher?

Prosper is a relatively small blockchain project in the prediction and betting market. Backed by Tenzor Capital, Prometheus Labs, Ava Labs and Bonded Finance. The platform is based on the BNB chain, formerly known as Binance Smart Chain.

Prosper’s concept is simple. Anyone can visit the website and predict where a particular cryptocurrency will move in a given period of time.

To do this, the user first visits the website and then links the wallet. Metamask is the most recommended wallet. After doing this, you need to add the network. Finally, select the currency you want to predict and the amount you want to bet. Finally, the system will go to her Metamask to verify the account.

The biggest benefits of using Prosper are that it is retail oriented, has fiat currency integration, has an insurance system, and has custom member-owned pools.

PROS is the native token of the Prosper ecosystem. It is also used to help users create custom pools and to guarantee the process.

The PROS token has defied gravity in the past few weeks due to the growing demand in the prediction market. According to the developer, the number of users has increased sharply in the past few weeks.

pros price prediction

The daily chart shows that the PROS price has recovered strongly over the past few weeks. This rebound occurred after the coin dropped to his low of $0.1170. It has broken above the 25-day and 50-day moving averages.

At the same time, the Relative Strength Index (RSI) has surged past overbought levels and momentum continues to build. Therefore, the coin may continue to move higher as buyers target the key resistance level of $0.9490, the April 3rd high.