Populous is a network designed to offer small and medium enterprise (SME) invoice liquidity, enabling peer-to-peer (P2P) interaction between enterprises, increasing liquidity and solving problems with working capital for SMEs.
By relying on blockchain technology and smart contracts, Populous’s network facilitates decentralized communication between businesses and allows them to share liquidity pools.
Launched in 2017 by two twin brothers from the south, London’s Steve and Sam Williams.
Interestingly, Populous moved the process of lending invoice -backed money to a blockchain, making it more scalable, faster, and easier for enterprises to use.
The network has attracted funding from large firms, such as Fireblue Capital.
Next, interesting if seen on the PPT/BTC chart.
At the opening of the 2021 market, PPT has managed to produce over 2,200% aggressive jumps recording all -time highs (ATH) reaching the price level of $ 0.00035 on March 7 last.
From a technical point of view, the price movement is seen to be moving weakly to head back to the RBS zone (resistance become support) around $ 0.000050 which is the concern of investors.
Crypto analysts expect that, if the price movement continues to witness the movement, the RBS zone around $ 0.000050 will be tested first before making a lower decline.
However, if the price movement manages to return to the bullish pattern, the price movement will return to test the SBR zone (support become resistance) around 0.000060 before making a higher rise.
At the time of writing, PPT/BTC is trading at a price of around $ 0.000052 with a market value of over $ 89 million in the last 24 hours. Coins are currently ranked 287th in the crypto market.
