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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.

Market

Canada Market Stats

Market cap

CA$2.0M

Volume (24h)

CA$60.74

Circulating supply

2.2M PAR

All time high

CA$5.13

Canada Market performance

Price change (1h)

-28.08%

Price change (1d)

-32.15%

Price change (1w)

-7.19%

Price change (2w)

-32.29%

Price change (1m)

-2.89%

Price change (1y)

-10.99%

Canada News about Parallel

Decrypt • May 03, 24

MicroStrategy Orange: Everything You Need to Know About Decentralized ID on Bitcoin

The largest institutional holder of Bitcoin is getting into decentralized identity. But how does MicroStrategy Orange work?

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Bitcoin Magazine • May 03, 24

The Institutions Are Coming: The Dawn Of A New Era At This Year’s MicroStrategy World — Bitcoin For Corporations Conference

For the fourth year in a row, MicroStrategy Executive Chairman Michael Saylor shared his company’s Bitcoin playbook with Bitcoin-curious Fortune 1000 firms.

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BeInCrypto • May 03, 24

Pension Funds Explore Bitcoin ETF Investments: Fidelity

Following the approval of Bitcoin ETFs, pension funds are considering crypto investments, reflecting a significant shift in traditional financial strategies and potential mainstream acceptance.The post Pension Funds Explore Bitcoin ETF Investments: Fidelity appeared first on BeInCrypto.

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Decrypt • May 03, 24

As Bitcoin Pumps, These Altcoins Are Doing Even Better

While Bitcoin is up 4.62% in the last 24 hours, ORDI, TON, and BONK are outperforming the market leader with impressive gains. Here's a closer look at their recent performance and potential price movements.

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BeInCrypto • May 03, 24

XRP and Uniswap Networks Witness Remarkable Growth

XRP and Uniswap have seen significant increases in wallet addresses over the past year, indicating growing market confidence and investor engagement in these leading cryptocurrency projects.The post XRP and Uniswap Networks Witness Remarkable Growth appeared first on BeInCrypto.

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The Defiant • May 03, 24

Fidelity Reveals Pension Funds Are Exploring Crypto

The exploration is still in its very early stages, said Fidelity’s VP of Digital Assets.

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Parallel is on the decline this week.

The price of Parallel has decreased by 28.08% in the last hour and decreased by 32.15% in the past 24 hours. Parallel’s price has also fallen by 7.19% in the past week. The current price is CA$0.91 per PAR with a 24-hour trading volume of CA$60.74. Currently, Parallel is valued at 82.27% below its all time high of CA$5.13. 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 CAD 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 CA$2.04M. 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 CA$5.13. 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 CA$60.74.

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.

Can I buy Parallel on Coinbase?

Yes, Parallel is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Parallel guide.