ParallelAI (PAI)
1. Fundamental Analysis
1.1 Introduce
Parallel AI is transforming AI development by tackling GPU bottlenecks with innovative parallel processing solutions. Our mission is to make computation faster and GPU costs negligible for developers, enabling scalable and efficient AI applications. What sets us apart is our decentralized approach, integrating the AI and blockchain ecosystems to unlock untapped global computational resources. Powered by the $PAI token, Parallel AI offers a transparent, cost-effective platform that optimizes GPU utilization for developers worldwide. With development progressing rapidly, we are paving the way for a new era of accessible, efficient, and democratized AI innovation.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | PAI | Market Cap | 60200000 |
| Name | ParallelAI | White Paper | -- |
| Web Site | https://www.parallelai.tech/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | 2024-09-29 |
| Available Supply | 100000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the K-line daily chart suggests a volatile market with significant price fluctuations. The period from December 3rd to December 11th shows a sharp increase followed by a substantial correction forming a classic pump-and-dump pattern. High volume transactions accompanied these dramatic price actions indicating strong market participation and speculative trading. Specifically the spike to 1.518 on December 12th showcases a peak in buying pressure. Conversely the subsequent drop to 0.6305 on December 11th is indicative of intense sell-offs. The price movements from December 12th to December 16th reveal an attempt at recovery with prices oscillating between 0.8 and 1.1 indicating a period of consolidation. However this recovery attempt failed to establish a sustainable uptrend. From December 16th onwards there is observed a retracement back down with consistent down trending price movements ending with a closing price of 0.6014 on December 30. This is followed by a minor recovery to 0.6185 on December 31. The opening price of 0.6185 on 2025-01-01 followed by a closing price of 0.6014 indicates another day of bearish activity. The volatility observed during December points toward an unstable market likely driven by short term trading activities and potentially influenced by news or external market factors. The substantial volume suggests significant trading activity and a clear response to price movements indicating investor sentiments that fluctuate rapidly between fear and greed. The relatively small closing price and volume between Dec 30th and Jan 1st signals a stabilization of price potentially at some temporary bottom after an extremely bearish movement. There s still a possibility that it s a continuation of weakness signaling the downward trend is still active. Short term price may fluctuate between 0.57 and 0.73 in the short term based on recent lows and highs. The market seems to be testing and consolidating following a sharp downtrend. The long term trend still looks bearish as past high price ranges were not tested again and the market keeps making lower high values.
