A decentralized real estate trading platform built on the Solana (SOL) smart contract platform has seen its price rise and fall after gaining support from Coinbase.
Two days ago, on social media platform to invest in real estate using synthetic assets without the need to physically travel. own property.
Synthetic assets are tokenized, blockchain-based representations of real-world assets, such as securities and real estate, that can easily be traded.
News of this addition caused the token’s price to drop from a high of $0.586 on December 17 to a low of $0.408 two days later. PARCL is trading at $0.418 at the time of writing, down 9% in the last 24 hours.
On December 15, Coinbase added PARCL to its listing roadmap, signaling at the time that it would soon add support. At that time, the crypto exchange’s announcement sparked a 50% rally in the altcoin as it traded at just $0.33 on December 10.
PARCL aims to provide traders with global city indices – including major cities such as New York, Miami Beach, San Francisco, Austin, Los Angeles, Chicago and Dubai – and allow them to acquire tokens that represent a stake in a specific index.
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