Populous (PPT) Witnesses 57% Gain In Greenish Market
The table is full of green colors today. Even though there are slight reds, it is much dominated with greens. Populous, the blockchain technology solution for business is amongst the greener in the market today, and not just a greener, but the greenest.
While most coins are adding below 10% to their value, Populous stood out adding to its value far above others. In the market today, the price of Populous went up by 57%.
Starting the last 24hrs, PPT was been priced $4.02 against Dollars, the present value of the altcoin after taking a bullish run according to CoinmarketCap is $6.63, while its market cap and 24hrs volume is $229,027,620 and $18,855,513 respectively.
Similarly, the last seven days of the altcoin was also featured with addition. At the start of the week, PPT was priced $4.40, it went down to as low as $2.60 and later rose up to maintain its previous starting value, and today, the coin is in the air aiming for the moon.
Populous cannot be compared to many other cryptocurrencies in the space. The digital coin services the invoice financing realm, combining blockchain technology, XBRL data, and the Altman Z-score for an in-house credit rating system to assess debts and create an auction platform.
Populous is regarded as a P2P invoice-financing marketplace, which allows businesses to crowd source loans using an outstanding invoices. After the invoice is paid, the buyer gains for fronting the money.
Invoice financing is regarded as a known method used by businesses to access short time capital. B2B businesses use invoice financing a lot.
Populous (PPT) has three ERC-20 tokens – PPT (invoice-backed security), PXT (internal cryptocurrency), and Pokens (internal cryptocurrency).The three are used to cater for different needs
In 2017, the cryptocurrency platform announced a partnership with Luxure Global Citizen, a United Kingdom luxury rewards company. To create its own cryptocurrency, the company offered 10 percent of its invoices to Populous in exchange.