PRQ Coin, also known as Parsiq, is a cryptocurrency that was launched in 2019. It is a blockchain monitoring and compliance platform that aims to provide real-time monitoring and analysis of blockchain transactions. The PRQ Coin is used as a utility token within the Parsiq platform, allowing users to pay for monitoring services and access various features.

In terms of ranking, PRQ Coin is currently ranked 456th on CoinMarketCap, with a market capitalization of around $35 million. The coin has a circulating supply of 500 million PRQ tokens, out of a total supply of 500 million tokens. The price of PRQ Coin has seen significant fluctuations since its launch, with highs of over $1 and lows of around $0.20.

The ranking of PRQ Coin is influenced by a variety of factors, including market demand, trading volume, and overall market sentiment towards the project. As with any cryptocurrency, the ranking of PRQ Coin can change rapidly depending on these factors and the overall performance of the project.

Despite its relatively low ranking, PRQ Coin has garnered attention for its innovative technology and potential use cases in the blockchain monitoring space. The Parsiq platform offers a range of monitoring and analysis tools for blockchain transactions, making it a valuable resource for businesses and individuals looking to track their crypto assets.

Overall, PRQ Coin is a promising project with a unique value proposition in the blockchain monitoring space. While its ranking may fluctuate in the short term, the long-term potential of PRQ Coin remains strong as it continues to grow and expand its services. Investors and users looking for a reliable blockchain monitoring platform may want to keep an eye on PRQ Coin and its future developments.