PRQ is an upcoming cryptocurrency that aims to be a better alternative to Bitcoin, Ethereum, and all other existing cryptocurrencies, by incorporating the best of the best elements of all of these cryptocurrencies together. That is, it will have faster transaction speeds, with a smaller block size.
PRQ is a cryptocurrency with a current market capitalization of $29,476,000. PRQ has a current supply of 20,000,000 PRQ coins and a maximum supply of 80,000,000 PRQ coins. PRQ uses the Proof of Work algorithm. Its proof type is Proof of Stake .
PARS is a promising cryptocurrency. It has a current circulating supply of 0 coins and a max supply of 0 coins. The most important information that has been provided about PARSIQ is its price prediction. Currently, the price of PARSIQ stands at $0.021318. If you take a look at its market cap, you will realise that it has a market cap value of 605,578 USD. Its trading volume over the past 24 hours is 0. PARS price prediction is significant. If you are planning to invest in PARSIQ, then you will want to take a look at its price prediction.
- The range of bullish PRQ price predictions is $0.85 to $1.09.
- The PRQ price may rise to $1.64.
- For the year 2021, the pessimistic market price forecast for PRQ is $0.34.
We utilize data, price trends, ADX, and other information about PRQ to evaluate the cryptocurrency’s future movement in PARSIQ (PRQ) price forecast 2021.
PARSIQ is presenting itself as a next-generation monitoring and analysis platform for blockchain technology across a number of sectors. Users may now monitor network activity in real time, find new app use cases, and get immediate alerts. Smart triggers may be utilized across various networks to respond to events of interest. In 2019, the PRQ token contract was released on Ethereum.
PARSIQ’s Current Market Situation (PRQ)
PRQ is now trading at $0.74, with a 24-hour trading volume of $831,054 according to Coingecko. PRQ, on the other hand, has risen by 5.4 percent in the past 24 hours.
Furthermore, there are 117,823,492 PRQ coins in circulation. PRQ is currently traded on OKEx, ZT, KuCoin, Gate.io, and WBF Exchange, among other cryptocurrency exchanges.
Price Prediction for PARSIQ (PRQ) in 2021
PARSIQ (PRQ) is currently ranked 462nd on CoinGecko. PRQ price forecast for 2021 with a daily time period is shown below.
Ascending Channel Trend Pattern in PRQ/USDT (Source: Tradingview)
An ascending channel is described as a price movement that is confined between two parallel upward sloping lines. This price pattern is defined by higher highs and lower lows. By linking the swing lows with a lower trend line and the swing highs with an upper channel line, an ascending channel is created.
A breakthrough above an ascending channel may signal that the rising trend will continue, while a breakdown below an ascending channel could signal that the trend will shift.
PRQ is now trading at $0.76. Following that, PRQ may continue to decline or increase, depending on the breakout direction. If the trend breaks out at the initial resistance level of $1.64, PRQ may shortly hit the resistance level of $1.02. If the trend continues, PRQ’s price may decrease below $0.27.
Support and Resistance Levels for PARSIQ (PRQ)
The support and resistance levels for PRQ are shown in the chart below.
Support and Resistance Levels for PRQ/USDT (Source: TradingView)
According to the aforementioned chart, the resistance and support levels for PRQ are as follows.
- $0.85 is the first level of resistance.
- $1.09 is the second level of resistance.
- Level 1 Support – $0.64
- Level 2 Support – $0.45
- Level 3 Support – $0.34
PRQ’s negative performance during the preceding month is shown in the chart. However, this trend will eventually hit the $1.09 resistance level. If the trend were to reverse, PRQ might fall below $0.34, indicating a bearish indication.
Average Directional Index PARSIQ (PRQ) (ADX)
Let’s have a look at the Average Directional Index for PRQ (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is about to start. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
ADX PRQ/USDT (Source:TradingView)
The ADX of PRQ is seen in the chart above, with a range of 46.12, indicating a strong trend.
Conclusion
The PRQ is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakout direction is verified, PRQ price forecast will remain bearish or bullish. This year, though, it has a strong probability of hitting $2.62. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the PRQ ecosystem, PRQ’s performance is expected to increase to $1.09 in the near future. However, if investors think PRQ is a solid investment in 2021, it might reach $1.64.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
ParsiQ is a new cryptocurrency that can be viewed as a combination of Bitcoin and Ripple. The project has been created by developer Ankit from India. The name of the currency is an acronym for Parsis, an ethnic group from India. According to the developer, ParsiQ has been created as a response to religious persecution against the Parsis community.. Read more about parsiq coingecko and let us know what you think.
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