Parasol Finance (PSOL) FAQ

Question 1

What determines the price movement of Parasol Finance (PSOL)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Parasol Finance.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Parasol Finance, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Parasol Finance. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Parasol Finance on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Parasol Finance. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Parasol Finance and the broader cryptocurrency market.

Question 2

What is the highest price of Parasol Finance price in history?

Accepted Answer

Parasol Finance achieved the all-time high of 0.19304 in 2022-10-17, and is currently trading at 0.00401925.

Question 3

What is the lowest price of Parasol Finance price in history?

Accepted Answer

Parasol Finance reached its all-time low of  0.00401139 on 2025-03-10.

Question 4

What is the current market cap of Parasol Finance?

Accepted Answer

The current market cap of Parasol Finance is  22537.784569620002, as 5607460.24 PSOL is trading at the price of 0.00401925.

Question 5

How many Parasol Finance are there in the market?

Accepted Answer

There are currently 5607460.24 PSOL circulating in the market. These Parasol Finance can be actively traded or used in the open market.

Question 6

What is the maximum supply of Parasol Finance?

Accepted Answer

The maximum supply of PSOL is 21000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Parasol Finance?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Parasol Finance is 84404.250000000. The FDV is calculated taking the assumption that all supply of Parasol Finance is circulation, multiplied by its current price of  0.00401925.

Question 8

What is the price prediction of Parasol Finance ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Parasol Finance price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Parasol Finance a good investment?

Accepted Answer

Parasol Finance offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Parasol Finance and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Parasol Finance.

Question 10

How to buy Parasol Finance?

Accepted Answer

You can buy Parasol Finance via Gate by following the steps on <0>how to buy PSOL once you have funded your account.

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