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Parallel (PAR) is not tradable on Coinbase.

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

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Parallel

PAR

About Parallel

The Parallel (PAR) is a protocol that operates on the Ethereum blockchain. PAR is a decentralized stablecoin issuance protocol. Parallel tokens are noncustodial, decentralized, fully redeemable, and collateral-backed assets pegged to a traditional currency. Further, these coins are kept stable by collateral locked in smart contract vaults. The platform aims to progressively decentralize itself over time, passing control to a diverse community holding the governance token.

According to the website, the mission of this platform is to provide the safest way to access the best services on the blockchain. The platform also aims to start with a protocol that provides a safe way to mint and earn new stable tokens pegged to the euro. Minting means verifying information, making a new block, and recording that information into the blockchain. As per the whitepaper, the various features of this project are:

The Parallel network launched its whitepaper on May 5, 2021. The CEO of this project is Claude Eguienta, while Toby Hoenish is the network's cofounder and chief financial product officer.

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Market

Market stats

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$1.9M

Volume (24h)

$8.51

Circulating supply

2.2M PAR

All time high

$3.75

Market performance

Price change (1h)

-0.02%

Price change (1d)

-0.06%

Price change (1w)

+0.03%

Price change (2w)

+0.05%

Price change (1m)

+121.28%

Price change (1y)

-19.8%

Market benchmarks

Performance (1Y)

-19.83%

Vs. Market (1Y)

-62.69%

Vs. BTC (1Y)

-68.45%

Vs. ETH (1Y)

-50.35%

Coinbase Bytes

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Parallel is on the rise this week.

The price of Parallel has decreased by 0.02% in the last hour and decreased by 0.06% in the past 24 hours. Parallel’s price has also risen by 0.03% in the past week. The current price is $0.85 per PAR with a 24-hour trading volume of $8.51. Currently, Parallel is valued at 77.34% below its all time high of $3.75. This all-time high was the highest price paid for Parallel since its launch.

The current circulating supply of Parallel is 2,240,894 PAR which means that Parallel has as total market cap of 2,240,894.

FAQ

What is the current price of Parallel?

We update our Parallel to USD currency in real-time. Get the live price of Parallel on Coinbase.

What is the market cap of Parallel?

The current market cap of Parallel is $1.91M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Parallel?

The all-time high of Parallel is $3.75. This all-time high is highest price paid for Parallel since it was launched.

What is the 24 hour trading volume of Parallel?

Over the last 24 hours, the trading volume of Parallel is $8.51.

What other assets are similar to Parallel?

Assets that have a similar market cap to Parallel include CRYPTORG, Alium Finance, Wrapped Mantle, and many others. To see a full list, see our comparable market cap assets.

How many Parallel are there?

The current circulating supply of Parallel is 2.2 million.