Parsiq (PRQ) is an innovative blockchain connectivity platform designed to bridge the gap between on-chain and off-chain environments. Launched in 2018, Parsiq leverages advanced technologies such as artificial intelligence and machine learning to provide real-time monitoring of blockchain events. This capability allows users to automate workflows, receive instant notifications, and gain insights into critical activities across various blockchain networks.
As the demand for efficient data management solutions in the crypto space continues to grow, Parsiq positions itself as a vital tool for developers, businesses, and investors alike. The PRQ token serves as the backbone of this ecosystem, enabling users to access its functionalities and participate in governance.
With its unique offerings and a commitment to innovation, Parsiq is poised for significant growth, making it a subject of interest for investors looking toward the future of blockchain technology and cryptocurrency markets.
In this article, we will analyze the price predictions for Parsiq, providing potential investors with valuable insights.
What is Parsiq (PRQ)?
Parsiq (PRQ) is a blockchain development platform that was founded in 2018 and allows developers to create blockchain apps that instantly move data between the on-chain and off-chain. It assists developers with creating automated bots, smart contracts-based custom events, DeFi applications, blockchain dApp device connectivity, and blockchain change monitoring. Over 150,000 applications have been deployed by Parsiq’s 50,000+ users, and the platform is compatible with other blockchains.
Parsiq wants to give consumers the ability to instantly produce notifications, unlock new applications, and keep an eye on network behavior in real time. The Smart Triggers from Parsiq are made to react to noteworthy occurrences across several networks. In 2019, PRQ, the platform’s token contract, was released on Ethereum. In order to allow users to track events across several blockchains in real-time and at scale, Parsiq works to make blockchain events accessible and blockchain data actionable.
The PRQ token can be used for several different purposes, such as payment, governance, and staking. It is compatible with numerous blockchains, including Ethereum, Polygon, and Avalanche.
How Does Parsiq (PRQ) Work?
To offer real-time blockchain monitoring capabilities, Parsiq uses proof-of-custody and proof-of-solvency consensus techniques. Although developers who want to fully leverage Parsiq can use a dedicated programming language, the technology is available to everyone via drag-and-drop visual editors.
The platform aims to provide real-time account, transaction, and blockchain state monitoring as well as an analytical view of blockchain transaction history. To offer comprehensive insights into the movement of blockchain assets, it uses sophisticated parsing and processing of transaction trees using machine learning algorithms and big data analytics approaches.
Tokenomics of Parsiq (PRQ) Token
In September 2019, PRQ, Parsiq’s native cryptocurrency, was introduced on the Ethereum blockchain as an ERC 20 token. With a market value of $61 million and a circulating supply of over 115 million tokens, PRQ is now trading at $0.43 USD. Of the 500 million tokens that were initially available for purchase, 250 million were offered for sale through an Initial Exchange Offering (IEO).
During the IEO, 150 million tokens were left over after the sale of 100 million, all of which were destroyed. Following the IEO, the overall circulating supply dropped to 350 million, and the team opted to burn half of their total tokens in January 2021, resulting in a 30 million reduction in supply.
Price Predictions of Parsiq (PRQ)
The current trading of PRQ is $0.2117 with a market cap of $55.33 million. For potential investors looking to invest in PRQ, it is essential to understand the price fluctuations for the upcoming years. In this section, we will be analyzing the price predictions of Parsiq from 2025 to 2030, providing investors with valuable insights.
PRQ Price Prediction 2025
In 2025, Parsiq (PRQ) is predicted to conclude the year trading within a range of approximately $0.2013 to $0.2036. This forecast indicates a potential decrease of about -4.42% from today’s price, which averages around $0.2024 for December. However, if PRQ adheres to this prediction, investors could still realize a potential profit of 3.86%.
| Minimum Price | Average Price | Maximum Price |
| $0.2013 | $0.2024 | $0.2036 |
PRQ Price Prediction 2026
According to financial experts in the field of cryptocurrencies, in 2026, the price of PRQ could reach a maximum of up to $0.2060 and drop to a minimum of $0.1897. The average trading price of PRQ will be around $0.1935 during 2026.
| Minimum Price | Average Price | Maximum Price |
| $0.1897 | $0.1935 | $0.2060 |
PRQ Price Prediction 2027
Crypto experts are constantly analyzing the price fluctuations of PRQ. According to them, the year 2027 could be bearish for PRQ. In 2027, the price of PRQ could reach a maximum of $0.1934 and drop to a minimum of $0.1885. The average trading price will be around $0.1904 in 2027.
| Minimum Price | Average Price | Maximum Price |
| $0.1885 | $0.1904 | $0.1934 |
PRQ Price Prediction 2028
The outlook for PRQ in 2028 suggests a possible downtrend. In 2028, the price of PRQ will reach a maximum of $0.1978 and drop to a minimum of $0.1889. The average trading price of PRQ will be approximately $0.1911 in 2028.
| Minimum Price | Average Price | Maximum Price |
| $0.1889 | $0.1911 | $0.1978 |
PRQ Price Prediction 2029
Following a bearish trend in the previous year, Parsiq (PRQ) is expected to maintain this momentum in 2029. The value of PRQ is forecasted to increase, potentially reaching an average price of $0.2529 throughout the year. Price predictions indicate fluctuations, with a low of $0.08684 anticipated in July and a high of $0.6721 projected in April.
| Minimum Price | Average Price | Maximum Price |
| $0.08684 | $0.2529 | $0.6721 |
PRQ Price Prediction 2030
Predictions for 2030 indicate that PRQ will experience a moderate decline. Price predictions indicate fluctuations, with a low of $0.0208 and a high of $0.1465. The average trading price of PRQ will be around $0.0708 in 2030.
| Minimum Price | Average Price | Maximum Price |
| $0.0208 | $0.0708 | $0.1465 |
Conclusion
Parsiq (PRQ) presents a compelling case for both short-term and long-term investors in the cryptocurrency market. Despite experiencing a bearish trend in the previous years, forecasts for 2029 suggest a potential increase in value, with an average price of $0.2529 and notable fluctuations throughout the year. The predicted range indicates both risks and opportunities, with significant highs and lows that could benefit savvy traders. As the platform continues to innovate and expand its offerings, the demand for PRQ tokens may rise, further influencing its market performance. However, investors should remain informed about market trends, technological developments, and regulatory developments that could impact PRQ’s trajectory.