PARSIQ (PRQ) price up by 25% today: why is PRQ price rising?

PARSIQ (PRQ) price has been on the rise for the last three days. At the time of writing, it was trading at $0.3806, up 31.93% in the last 24 hours.

It has hit a daily high of $0.3773 and a daily low of $0.2658.

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In this article, we will focus on some of the factors fuelling the current PARSIQ (PRQ) price rally. To find out more, continue reading.

Why is the PARSIQ price rising?

Before we take a deep dive into what is fuelling the current PARSIQ price rally, it is important that we first explain what PARSIQ is.

In a nutshell, PARSIQ is a Web3 monitoring and intelligence analytic tool on blockchain technology that helps users to create instant notifications, unlock new application use and track real-time network activity. Its native token is PRQ, which is an Ethereum-based token.

Now onto the reason behind the current bullish trend. The main reason for today’s PRQ price hike is the listing of PRQ token on Crypto.com.

PARSIQ listing on Crypto.com

PARSIQ today announced that its token, the PRQ, has been listed on Crypto.com, the third-largest crypto trading platform. Following the listing, Crypto.com users will now be able to trade the PRQ coin on the platform.

PARSIQ CEO, Tom Tirman, said:

“We’re delighted to announce our $PRQ token will be live on Crypto.com in the coming days. The exchange has seen impressive growth over the last 18 months and the average volume continues to steadily increase as they onboard more retail and institutional investors… Acquisitions like the Crypto.com Arena in Los Angeles and prime SuperBowl commercials with a-list talent indicates the scale of their ambition. We’re thrilled to take PARSIQ to the next level with Crypto.com as an exchange partner.”

Crypto.com Capital had earlier led a $12 million fundraising program for IQ Protocol, a PARSIQ sister project that offers $IQT+$PQR staking reward.

PRQlisting is aimed at developing long-term value growth of PRQ within the blockchain industry.

Crypto.com has joined other exchanges that already support PRQ tokens like Gate.io, OKX, KuCoin, Coinmetro, MEXC, Pancake Swap, and UniSwap.

Analysts believe there is a high possibility for PARSIQ to continue with the bullish trend as the new listing on Crypto.com might act as a catalyst for its future price rally.