PARSIQ, a crucial data mechanization program and the Web3 monitor, has listed its token on the Crypto.com Exchange. The listing allows users to begin exchanging $PRQ on the trading platform starting today. Since Crypto.com is among the top three cryptocurrency exchange sites by trading volume, it is a significant move.
Before listing on Crypto.com, $PRQ has been available on KuCoin, Gate.io, OKX, MEXC Global, and Coinmetro. Besides. The token dived from its all-time high of 2021 and is currently selling at almost eight times lower. This was informed by a shift in the hype cycle from blockchain infrastructure programs like PARSIQ and chainlink towards DeFi and NFTs. Yet, the change seems to be reversing, and there is an increase in interest in vital blockchain infrastructure and middleware due to interoperability narratives.
The coin shows signs of revival, and the Crypto.com listing serves as one of the several triggers. The attention generated by the IQ Protocol crowdfunding and lucrative $PRQ + $IQT staking rewards are all efforts to bolster the token.
According to PARSIQ CEO Tom Tirman, Crypto.com has seen rapid development in the last few months. Thus, listing $PRQ on the platform will expose it to more institutional investors. Tirman noted that acquisitions like the Crypto.com Arena in Los Angeles and prime SuperBowl commercials have positioned the trading platform for gargantuan growth.
The move comes on the heels of news that Crypto.com Capital led the $12 million investment round for IQ Protocol. IQ Protocol is a PARSIQ sister project. The debut of $PRQ demonstrates PARSIQ’s ability to provide long-term value to the blockchain sector.