Live PAI Price Overview
The current Parrot USD (PAI) price is $0.9679**. Over the past 24 hours, the price has experienced a slight decrease of **0.16%**, while the weekly performance shows a decline of **0.32%**. The trading volume for PAI in the last day stands at **$0, indicating relatively low market activity. Parrot USD currently holds a market rank of #4818, with a market capitalization of $0 and a circulating supply of 0 coins.
Compared to its all-time high, PAI is trading 55.90% lower. Conversely, it remains 1,475.98% above its all-time low, reflecting significant growth from its lowest valuation.
All displayed data and pricing information are updated in real-time to ensure accuracy.
Understanding Parrot USD (PAI)
Parrot USD is a cryptocurrency that aims to provide a stable and scalable digital asset within the broader blockchain ecosystem. While it shares its name with the concept of stability, it’s essential to distinguish it from traditional stablecoins. PAI operates on a decentralized network, emphasizing user autonomy and financial inclusivity.
Its use cases often include digital payments, remittances, and as a potential store of value. Like many altcoins, PAI’s value is influenced by overall market sentiment, trading volume, and developments within its native ecosystem.
For those looking to dive deeper into the world of digital assets, a variety of resources can help you understand market dynamics. 👉 Explore real-time market analysis tools
Historical Price Performance
Tracking historical performance helps investors understand a coin's potential volatility and long-term trends.
- All-Time High: PAI reached its peak price of $2.19 on October 12, 2022.
- All-Time Low: The lowest recorded price was $0.0614 on October 1, 2022.
This historical data illustrates the coin's volatility and the potential for significant price swings within relatively short periods.
How to Analyze Crypto Prices
Analyzing a cryptocurrency like Parrot USD involves more than just looking at the current price. Consider these factors:
- Market Capitalization: Reflects the total market value and relative size of the cryptocurrency.
- Trading Volume: Indicates the level of market activity and liquidity.
- Circulating Supply: The number of coins currently available for trading.
- Market Sentiment: News, social media trends, and overall investor optimism or pessimism.
Combining these elements provides a clearer picture of an asset’s health and potential future movement.
Frequently Asked Questions
What is Parrot USD (PAI)?
Parrot USD is a digital cryptocurrency that operates on a decentralized network. It is designed to facilitate transactions and serve as a potential medium of exchange within its ecosystem, though it is not pegged to the US dollar like a traditional stablecoin.
How is the price of PAI determined?
The price is primarily determined by supply and demand on various cryptocurrency exchanges. Factors like trading volume, market sentiment, broader crypto market trends, and project-specific developments can all cause price fluctuations.
Where can I track PAI’s price in real-time?
Many popular cryptocurrency tracking websites and portfolio apps provide real-time price data, charts, and market cap information for Parrot USD and thousands of other digital assets.
What does a trading volume of $0 indicate?
A reported 24-hour trading volume of $0 can sometimes indicate a temporary lack of recorded transactions on tracked exchanges or a delay in data reporting. It often suggests very low liquidity for the asset during that period.
Is Parrot USD a good investment?
All cryptocurrency investments carry risk. While PAI has seen significant growth from its all-time low, its recent performance and low market rank indicate high volatility. Always conduct thorough research and consider your risk tolerance before investing.
How can I securely store my PAI tokens?
It is generally recommended to store cryptocurrencies in secure wallets. Options include hardware wallets for maximum security or reputable software wallets for easier access. 👉 Learn advanced security methods for digital assets
Conclusion
Staying informed about Parrot USD’s price and market status is crucial for anyone interested in this digital asset. By monitoring key metrics like price changes, trading volume, and market cap, you can make more educated decisions. Remember, the cryptocurrency market is highly volatile, and prices can change rapidly. Always prioritize reliable information and secure practices when engaging with digital assets.