this is one of the most underated projects on the market!
30 million circulating supply and the price is 0.45$
The amount needs to be updated on coinmarketcap... Circulating Supply: 62,366,927 PRL. But still, that makes a current marketcap of 28 065 117 dollars. This would place PRL around rank 274.
What is the difference reason? It is like near double of it?
Still, it is not a huge market cap. And there is too much area to grow.
More tokens where released on the market by the team in order to raise more funds because the ICO didn't raise enough for wages & materials. They could also get listed on exchanges because of this.
I find this interesting.
Ico was very bad and nearly nobody bought it but after ico people literally killed themselves to buy some more. Maybe the team couldn't make a good marketing while on ico phase.
It has nothing to do with the BTC drop, if BTC drops other coins drop aswell. Its because of the fact that there are more and more less people who got into PRL vor 1-3 cent or a little less who want to cash out their profits. Which means the amount of people who want to buy PRL is increasing vs a decreasing number of people who want to sell. Also a lot of people have noticed the dip, which is why they dont expect PRL to fall at a lower price level which is another reason for a lot of people to hold.
You see a similar graph with all those corrections and almost the same curve as PRL has on a lot of other cryptos (maybe even most of them).
Right now most graphs pretty much look the same for the same reasons like hype, fear, correction, taking profits, etc..
. Very optimistic about PRL.