As a seasoned researcher with a keen interest in the dynamic world of cryptocurrencies and blockchain technology, I find the recent announcement of Coinbase listing Parcl, a Solana-based decentralized real estate trading platform, quite intriguing.
Coinbase has revealed that it will now support Parcl, an online marketplace for property trading built on the Solana network.
On December 17th, the cryptocurrency exchange plans to add the Parcl token (PRCL) to its platform, with listing beginning from 9:00 AM Pacific Time, contingent upon meeting certain liquidity requirements.
As an analyst, I’m excited to share that I anticipate the addition of a trading pair between PRCL and USD on our platform, once we have a satisfactory supply. According to our U.S.-based crypto exchange, PRCL transfers will be supported both on our main platform and Coinbase Pro (our advanced trading platform). However, please note that this rollout will be gradual, with access being limited in specific jurisdictions due to regulatory considerations.
What is Parcl?
Parcl represents a decentralized real estate hub, offering entry to urban indices encompassing key locations such as New York City, San Francisco, and London.
On Parcl, you have the opportunity to invest in liquid real estate markets. This means users can buy and sell with up to 50 times the usual investment amount. With this platform, investors can either predict and take advantage of changes in real estate prices (speculation) or protect themselves against potential losses (hedging). The value of these assets is represented by index prices, which show the average price per square foot or meter for real estate in a specific location.
In addition, it’s worth mentioning that Parcl is part of the RWA Council which aims to speed up the deployment of real-world assets on the Solana blockchain (SOL). Alongside Parcl, this council includes AgriDex, Baxus, and Collector Crypt.
PRCL price
As a researcher, I am sharing that the Parcl token generation event concluded in April 2024, distributing a total of 800 million PRCL tokens following the snapshot taken on April 8th.
On December 14th, Coinbase announced that it would be adding PRCL to its upcoming listings, which seemed to coincide with a significant increase in the token’s price. The token climbed to a peak of more than $0.60, marking a multi-month high for it. However, as the broader market followed Bitcoin‘s decline from its prior record high, PRCL also retreated.
Over the last day, Parcl’s price has experienced a surge over 13%, reaching an eight-month peak once more. If bullish sentiment continues to grow, the token could potentially strive towards its previous all-time high of $0.73, set on April 22, 2024.
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2024-12-16 21:38