Altcoin

Solana (SOL)-based decentralized real estate trading platform token rises and falls after listing on Coinbase

Published

11 months ago

December 19, 2024

A decentralized actual property buying and selling platform constructed on the sensible contract platform Solana (SOL) has seen its value rise and fall after receiving assist from Coinbase.

Two days in the past on the social media platform X, the highest US-based crypto change platform said it had added Parcl (PARCL), a decentralized change (DEX) that enables customers to commerce and put money into actual property utilizing artificial property with out having to personal bodily property.

Artificial property are tokenized, blockchain-based representations of real-world property, reminiscent of securities and actual property, that may be simply exchanged.

Information of the addition brought about the token’s value to drop, because it went from a excessive of $0.586 on December 17 to a low of $0.408 simply two days later. PARCL is buying and selling at $0.418 on the time of writing, down 9% during the last 24 hours.

On December 15, Coinbase added PARCL to its itemizing roadmap, indicating on the time that it will be including assist quickly. At the moment, the cryptocurrency change’s announcement sparked a 50% rally within the altcoin, whereas it was buying and selling as little as $0.33 on December 10.

PARCL goals to offer merchants with world metropolis indices – together with main cities reminiscent of New York, Miami Seashore, San Francisco, Austin, Los Angeles, Chicago and Dubai – and permit them to amass tokens that signify a stake in a particular index.

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