Populous PPT suffered from horrific drops since reaching its all-time high of nearly 70$ per one PPT unit back in January of the current year when the majority of digital assets in the market surged at the time to reach their record prices.
Since then, Populous dropped from 68.91$ back on January 28th, to its new low 11$ as recorded back at the beginning of April. The drop marked the total of -95% since the time PPT achieved its record price, having Populous additionally rising up to the value of 27$ as recorded at the end of April of 2018.
From that point on, PPT dropped below 10$ at first, further declining to the price of 4$, now being traded at around 3$. However, Populous seem to be affected with an unexpected price boost as we can see PPT rising up by over 3% at the moment of this writing on October 9th, while the currency surged by 11% against the fiat despite the negative market trends in the last 24 hours.
Why Use Populous (PPT): Invoice Discount Trading at its Best
Populous was issued as an ICO based on the blockchain technology in order to provide a legit and efficient way of trading unpaid invoices at discounted prices. Moreover, Populous is looking at becoming one of the most cost-effective and fastest ways of transferring value across blockchain.
Populous works in a way that allows it to create a massive ecosystem that makes up for a growing economy of trading discounted invoices. By investing in PPT you are becoming a part of a large ecosystem that includes sellers and buyers. Sellers are free to set their own terms under which the invoices are being traded, while the buyers are meant to unlock the potential of discounted invoices by utilizing PPT for their purchases on the Populous blockchain.
Based on its technical capabilities and offers within the PPT network, Populous as a blockchain-based project is aiming at disrupting the industry of invoices through providing more liquidity to the marketplace they have created in form of a blockchain platform where PPT is a native currency.
The main idea behind the project was initiated due to the fact that the PPT team believes that small and medium-sized businesses should have the access to funds they would use for paying their employees and for purchasing of different services and products, without the need of taking a loan from banks as it is usually the case outside of the blockchain space.
To resolve this problem, the PPT network created a massive ecosystem that allows sellers to upload their unpaid invoices, presenting them to potential buyers, small and medium-sized businesses.
This way, Populous allows for unlocking of the needed funds immediately upon purchasing invoices at discounted prices, diminishing a grave risk factor that goes with bank loans.
The process is conducted through the use of smart contract technology, which enables buyers and sellers to make mutual agreements regarding the invoices in the PPT market so the buyer is entitled to the agreed rate prior to the purchase.
Populous Advancing in the Market despite the Negative Trends
It seems that the main objective of the PPT team runs in favor of PPT price even though the currency lost -95% of its total value since reaching its all-time high back in January.
The progress can be noted on weekly, biweekly and monthly charts, showcasing that PPT gained over 20% in the last two weeks, also collecting over 18% in the course of the last seven days.
Moreover, PPT went up by 39.8% on the year to date chart, also going up by 3.6% on October 9th when the majority of top 50 currencies are seen declining or barely going up over 1%.
Additionally, Populous surged by 11% against the fiat in the last 24 hours, reminding the blockchain community of its great potential in its industry focus of providing invoice trading at major discounts.