Moving forward, we’ll first explain what the PAAL AI crypto project is all about and what role the PAAL token plays within the project’s ecosystem. You can think of that part as a basic fundamental analysis (FA).
Next, we’ll look at PAAL’s price action. Although this is a new cryptocurrency with minimal price history, we can still determine the key support and resistance levels. Plus, we can try and speculate on what price levels $PAAL may reach in the future. That part would count as technical analysis (TA).
While both FA and TA can be beneficial, they do not adequately tell you when to enter a position. That’s especially the case when dealing with newly created coins. Fortunately, however, cryptos come with on-chain data. As such, we’ll show you how to use the best on-chain analysis tool to view real-time, on-chain data for the PAAL AI crypto coin. For that, we’ll show you how to use Moralis Money token pages to inspect those insights for cryptos. Of course, we’ll also show you how to use this awesome trading tool’s primary function!
What is PAAL AI Crypto and the PAAL Token?
The PAAL AI crypto project is primarily an AI ecosystem that users can access through an online app. The latter allows anyone to use the ML capabilities of PAAL AI by entering a custom data feed. If you wish to access that app and see what it can do, hit the “get my bot now” button on the “paalai.io” website.
Once you click on the button mentioned above, you’ll need to create your account to access the dashboard. Then, you can use the “Play” tab to start prompting this AI tool. Here’s an example prompt:
The core purpose of the PAAL tool is its ability to streamline tasks that typically require human intellect. It has the ability to understand natural language, recognize images, make decisions based on available data, and solve various programs. All in all, these are the core properties of the PAAL app as per the project’s official website:
- Advanced AI and machine learning
- Multi-platform integration
- Custom dataset training
- Adaptable and evolving
- Personalized chatbot
- Multimodal AI
- AI as a service
- Custom data set
- LLM (large language model) for crypto
Note: If you need help with setting up your own bot using PAAL AI, use the video in the “Setup My Bot” section on the project’s official website:
PAAL Token – Staking, Rewards, and Governance
The PAAL token is the project’s native crypto coin, and it’s an ERC-20 cryptocurrency that lives on Ethereum. Furthermore, $PAAL was minted on June 22nd, 2023, and serves as the currency for the PAAL AI project’s service tiers. Plus, the token can be staked, so it incentivizes its owners to HODL. By doing so, users that decide to stake $PAAL get involved in the profit sharing. Plus, folks can earn the token through interactions with the PAAL AI services, making referrals, and contributing to the community.
Users that hold PAAL have governance-voting power. Plus, the holders who decide to stake their $PAAL also get to unlock premium features of the PAAL AI crypto project.
If you want to stake the PAAL token, you can do so by hitting the “stake” button on the project’s website. This button will open up a dashboard where you need to connect your wallet that holds $PAAL:
Warning: Trading newly minted tokens is a risky feat; however, staking them is even riskier. So, before you even consider taking that path, make sure to explore the project’s documentation closely. Use the menu button to access these docs:
As for the tokenomics of $PAAL, we weren’t able to find any details regarding the token distribution. Though you can explore these details using the “Bubble Chart” section on the Moralis Money page for the PAAL AI crypto coin. However, we can confirm that there are, in fact, one billion instances of the PAAL token on Etherscan:
PAAL AI Crypto Price Chart
Below, you can find the PAAL token’s 30-minute chart that includes the asset’s price action since it started trading on Uniswap on June 23rd, 2023. As indicated in the top bar of the chart, the initial price was set as low as $0.00007078.
However, you can see that the price didn’t stay that low for long. It took only two hours for $PAAL to increase by more than 3,000%. After reaching a local high of $0.002482, the token took a short, one-hour (or so) breather. This short window was a decent opportunity for Moralis Money Pro users to get their bags of this token, as it was clearly gaining on-chain momentum. Those who took action were able to ride another 500% run, which resulted in PAAL’s current all-time high (ATH) at $0.01152.
Since reaching its ATH, the token had another attempt to break the $0.011-ish level but failed to do so. Instead, the asset’s price pulled back more than 70% and found new local support at the $0.0031-ish region. Since then, $PAAL has been ranging sideways between $0.0035-ish and $0.0057-ish levels with a rather low trading volume.
If the token manages to get some on-chain momentum going, it could break back above $0.0057 and perhaps go for a new ATH. Given that it already broke out of the current down-slopping trendline, the upside move is slightly more likely.
In that case, the Fibonacci retracement tool’s 4.236 extension sits at $0.038-ish. So, that’s one of the optimistic short-term price speculations for PAAL AI crypto.
On the opposite side, if the token breaks down from the current range, $0.0024-ish, $0.0018-ish, and $0.00155-ish are the most likely levels of support.
Should You Buy the PAAL Token?
By now, you know what the PAAL AI crypto project is all about and what the asset’s price action has been like so far. With some basic TA (which is not at all that accurate for new tokens), you can also speculate regarding the future price of $PAAL.
However, you shouldn’t solely base your decision on whether to buy or not buy this crypto asset on FA and TA. Instead, let real-time, on-chain data be the judge of that. After all, on-chain activity (increasing or decreasing momentum) always precedes price action.
As such, make sure to use the Moralis Money token page for PAAL AI, which you can explore via the interactive widget below. On that page, you’ll be able to see real-time, on-chain data for PAAL on different timeframes. So, make sure to switch between the timeframes and determine if the momentum is increasing or decreasing.
Moreover, this page includes the asset’s price chart, links to the project’s website and socials, the token’s smart contract security scores, and the asset’s bubble map. Hence, this page provides all the details you need to answer the above question with confidence at any given time.
Plus, once you get comfortable using the Moralis Money token page for PAAL, you’ll know how to use this valuable insight tool for any other token. However, don’t forget that individual token pages are Moralis Money’s secondary function. The primary one is all about finding altcoins before they pump! And you can learn how to get going with that in the final section of today’s article. But first, make sure you really understand how big of an opportunity altcoins are.
Beyond the PAAL AI Crypto
Aside from leverage trading (which we don’t recommend), altcoins offer the largest profits. However, these profits are reserved for traders who can properly time their entries and exits. That’s exactly what Moralis Money helps you do!
Based on the same types of on-chain insights that you can now access in a user-friendly manner with Moralis Money, we were able to spot some of the best altcoin opportunities of the previous cycle. For instance, altcoins like EGLD and MATIC enabled us to more than 70x our initial investments.
But did you know that the average altcoin tends to increase by 50-70x during a bull market?
So, one sound tactic is to spot altcoin opportunities at the end of the bear market and hold your positions throughout the bull run. Then, use on-chain insights to exit at the right time. That’s the tactic we used, and you can also start applying it today. After all, at the time of writing, we are still in the final stages of the ongoing bear season.
However, instead of buying and HODLing, you can also execute your trades on shorter timeframes and catch multiple swings. Many altcoins simply blast through the charts at various stages of the cycle. For instance, just look at the 2023 memecoin season. The latter propelled countless alts on 10x, 100x, and even 1000x rallies in a matter of days or weeks. Some of the latest examples include BAD, PLANET, DAOMATIAN, 4CHAN, UNLEASH, etc.
To see what’s possible in the realm of altcoins, look at the PEPE token’s rally. This alt increased by more than 100,000x in just 21 days!
How to Go Beyond $PAAL Crypto and Get Going with Moralis Money?
Thanks to Moralis Money, you can now start spotting the best altcoin opportunities beyond $PAAL at any moment. Just follow the tips below, and you’ll be on your way to finally experiencing what it is like to ride those 50x-plus rallies firsthand!
- Generate your first dynamic list of altcoins with potential using the premade filters on Moralis Money. Simply visit the tool’s homepage or use the top menu to select one of the filters:
- Premade filters are a great starting point; however, they are available to all users, so they are not the best way to spot unique opportunities. For that purpose, you want to get comfortable with using your unique combinations of Token Explorer metrics, their values, and timeframes:
- There are many metrics to choose from, so make sure to experiment freely. However, here are some useful guidelines:
- Use the Coin Age metric if you wish to focus on newly created coins.
- If you wish to find the best opportunities among the more seasoned alts, use the Market Cap filter.
- Add one or multiple metrics like Buyers, Experienced Buyers, Experienced Net Buyers, and similar to filter out tokens that are gaining/losing the on-chain moment.
- Focus on tokens that match your risk tolerance by adding the Security Score filter.
- Save your winning queries and start running them on autopilot:
- Always DYOR alts before investing:
Visit Moralis Money’s homepage or use the interactive widget below to start applying the above-outlined tips. In addition, aside from targeting the Ethereum blockchain, you can use Moralis Money to also explore altcoins opportunities on BNB Chain, Polygon, Arbitrum, Fantom, Optimism, and even PulseChain (with more chains in the pipeline).
Exploring the PAAL AI Crypto – Should You Buy the PAAL Token? – Summary
Throughout the above sections, you had a chance to learn what the PAAL AI crypto project is all about. So, you now know that it is an AI tool (similar to ChatGPT) that also incorporates its native token: PAAL. The PAAL token is not essential for the AI tool itself; however, it does serve reward and governance purposes.
We also looked at $PAAL’s price action and determined it already had quite an impressive initial rally. But you now know that if the token’s on-chain momentum is increasing, it may still be a good buy. Moreover, there’s no better way to view those insights than the Moralis Money token pages.
In addition, you also learned about Moralis Money’s primary function. The latter is all about spotting the best altcoin opportunities at any given time. And, thanks to the above-provided tips, you can start finding altcoin gems today!
