XPLL
Fundamental Analysis
Introduce
ParallelChain is a dual-blockchain ecosystem powered by two layer-1 distributed ledgers: ParallelChain Mainnet and ParallelChain Enterprise – developed by ParallelChain Lab, a technology company specialising in distributed systems and machine learning. ParallelChain Mainnet is a Proof-of-Stake open-source blockchain for building web2-compatible decentralized applications; and ParallelChain Enterprise is a business-native, permissioned blockchain for use cases that demand stronger privacy, scalability, and compliance - features built with 6 U.S.-patented technologies. Furthermore, Inter-ParallelChain Protocol (IPP) enables native interoperability between the two networks, allowing Web2 and Web3 to easily and securely interact in the same ecosystem.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | XPLL | Market Cap | 376365.19482 |
| Name | ParallelChain | White Paper | -- |
| Web Site | https://parallelchain.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.parallelchain.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 127408141 | |
| Supply | 127408141 | Release Date | 2023-06-08 |
| Available Supply | 40864842 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.00867 | 0.01018 | 0.00867 | 0.009 | 291.4263423 |
| 2024-12-30 | 0.0085 | 0.00867 | 0.0082 | 0.00867 | 321.9241407 |
| 2024-12-29 | 0.00906 | 0.00906 | 0.0082 | 0.0085 | 307.6200266 |
| 2024-12-28 | 0.00906 | 0.00969 | 0.00906 | 0.00906 | 69.0434333 |
| 2024-12-27 | 0.00942 | 0.0124 | 0.0065 | 0.00906 | 2662.0609569 |
| 2024-12-26 | 0.00902 | 0.00942 | 0.00868 | 0.00942 | 112.2823664 |
| 2024-12-25 | 0.00985 | 0.00985 | 0.00903 | 0.00943 | 179.1847586 |
| 2024-12-24 | 0.00939 | 0.011 | 0.00939 | 0.00985 | 702.2574716 |
| 2024-12-23 | 0.01015 | 0.01015 | 0.00905 | 0.00905 | 96.6095527 |
| 2024-12-22 | 0.00851 | 0.01392 | 0.00792 | 0.00985 | 4405.7457344 |
| 2024-12-21 | 0.0082 | 0.00916 | 0.00805 | 0.00819 | 82.411296 |
| 2024-12-20 | 0.00866 | 0.00952 | 0.00711 | 0.00842 | 705.5515873 |
| 2024-12-19 | 0.00994 | 0.00997 | 0.00801 | 0.00801 | 749.5410088 |
| 2024-12-18 | 0.00891 | 0.00996 | 0.00891 | 0.00996 | 260.1309201 |
| 2024-12-17 | 0.00985 | 0.00985 | 0.00901 | 0.00901 | 522.509285 |
| 2024-12-16 | 0.01036 | 0.01058 | 0.00982 | 0.01016 | 287.6108396 |
| 2024-12-15 | 0.00908 | 0.01058 | 0.00907 | 0.01036 | 389.04716 |
| 2024-12-14 | 0.00936 | 0.00989 | 0.0081 | 0.00907 | 1641.6154512 |
| 2024-12-13 | 0.0101 | 0.0101 | 0.00897 | 0.00988 | 789.4179064 |
| 2024-12-12 | 0.01093 | 0.01093 | 0.0083 | 0.00979 | 763.2501103 |
| 2024-12-11 | 0.01142 | 0.0119 | 0.01013 | 0.01093 | 928.3137514 |
| 2024-12-10 | 0.013 | 0.013 | 0.01001 | 0.01169 | 3050.6173099 |
| 2024-12-09 | 0.01204 | 0.01392 | 0.0082 | 0.0134 | 4306.6619346 |
| 2024-12-08 | 0.01221 | 0.01221 | 0.012 | 0.01204 | 490.9631674 |
| 2024-12-07 | 0.01282 | 0.01282 | 0.01221 | 0.01222 | 54.4087461 |
| 2024-12-06 | 0.01249 | 0.01326 | 0.01203 | 0.01282 | 424.4885913 |
| 2024-12-05 | 0.01199 | 0.014 | 0.01156 | 0.01249 | 1060.7484722 |
| 2024-12-04 | 0.0122 | 0.01449 | 0.01101 | 0.012 | 2244.6407844 |
| 2024-12-03 | 0.01326 | 0.0135 | 0.00745 | 0.0122 | 5470.934971 |
| 2024-12-02 | 0.00945 | 0.01326 | 0.0088 | 0.01251 | 4156.378469 |
Analysis
The price experienced high volatility within the 30-day period. There was an initial strong uptrend followed by a significant correction and consolidation. Volume spikes coincided with large price movements, particularly at the start and mid-point of the period. The most recent price action shows a slight consolidation at a lower range compared to the previous peaks. The overall trend indicates a shift from bullish momentum towards a potential bearish sentiment with recent low volumes. A price consolidation is evident in the most recent five-day period with minimal trading volumes. A possible breakout can occur based on the current price stability but the direction is still uncertain.
