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Where to buy Prosper (PROS) after it updated its circulating supply

Prosper cryptocurrency had been bullish from Wednesday, September 21 to today morning before its price started dropping today. At press time, the price of PROS had dropped by 9.52% to trade at $0.9568 down from a daily high of $1.14.

Today’s PROS price drop comes after the circulating supply of PROS tokens displayed on both CoinGecko and CoinMarketCap was updated to reflect the true circulating supply of Prosper (PROS) tokens.

According to a tweet by Prosper, the circulating supply update did not correspond to an increase in token supply but rather just an update of the displayed number to include all the DEXs LP liquidities.

To help traders seeking to take invest in Prosper (PROS) cryptocurrency, Invezz has prepared this brief guide on where to buy the token.

To find out more, please continue reading.

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Prosper is a non-custodial cross-chain hedging and prediction market platform that pioneered the technology of on-chain liquidity aggregation. It is based on Binance Smart Chain and Avalanche (AVAX/USD) and uses Chainlink (LINK/USD) oracle to provide accurate price feeds.

Prosper platform features include prediction insurance, binary liquidity model, on-chain liquidity aggregation and cross-chain support, fiat support, custom pools, DAO governance, and prediction mining.

The platform has a native token denoted as PROS, which is used as a prediction insurance token, a DAO governance token, a commission token, and a premium/subscription token.

If you want to invest in a native cryptocurrency of a prediction market and hedging platform, then Prosper could be a good choice.

However, the crypto market is highly volatile and it is already evident with the current price retracement that has seen PROS’ price slide below $1 in a matter of hours.

Analysts are optimistic that PROS will rise to $2.00 if it breaks through the resistance level at $1.60.

However, that will depend on whether the token recovers from the current retracement that has seen it lose its $1.49 support.

Following up yesterday's clarification on the CoinMarketCap and Coingecko fix of $PROS' circulating supply display, please read our detailed article here:https://t.co/AVdntZSiQD

$PROS: If we breakthrough the resistance at $1.60 we could accelerate to $2.00, but since we just breakthrough at $1.49 we might need to retest it. pic.twitter.com/Ho43g15R09

The post Where to buy Prosper (PROS) after it updated its circulating supply appeared first on Invezz.

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