Emily Walker
Parcl ($PARCL) has experienced a notable decline in value, decreasing by -13.10% over the last week. This decentralized exchange (DEX) specializes in real estate trading, offering access to key city indices, including those from New York, Los Angeles, and Dubai. Built on the Solana platform, Parcl leverages smart contract technology.
Recently, Parcl was listed on Coinbase, which led to a brief surge in its price. The token peaked at $0.586 on December 17 but has since declined to approximately $0.35.
Fluctuations in token prices after a new exchange listing are common. Despite the -13.10% drop, $PARCL’s performance is relatively stable compared to other DeFi tokens, which have fallen by -17.60% during the same timeframe. Solana has been on a downward trend for nearly a month, although there are expectations for recovery, particularly with the emergence of $SOLX.
Is $SOLX Gaining Attention from Parcl Investors?
The Solaxy ($SOLX) presale is generating buzz, attracting investors eager to buy tokens at enticing introductory rates. The project aims to improve the Solana blockchain, proposing a Layer 2 solution designed to enhance the existing ecosystem.
Solana’s recent transaction volume has been impressive, hitting nearly 179 million in the last week, but this can lead to congestion and transaction failures—issues that Solaxy aims to address effectively.
Solaxy’s multi-chain framework presents advantages not only for Solana but also for Ethereum and Binance. However, this means that the Solaxy presale is pulling potential investors, possibly impacting the market for PARCL and its token price.
Solaxy’s Presale Attracts Interest
Since its launch just over five days ago, the Solaxy presale raised $350,000 in its first 24 hours. Currently, this figure has surged to an impressive $3.46 million. The excitement surrounding this presale is driven by the potential for 1092% annual returns, with approximately 1051 billion $SOLX already staked.
Investors can purchase $SOLX via Solaxy’s presale site, accepting $ETH, $BNB, $USDT, and card payments. However, using $BNB won’t qualify buyers for the advertised 1092% annual returns.
To buy $SOLX using a card, investors will need a cryptocurrency wallet, such as MetaMask or the Best Wallet app, which is non-custodial and user-friendly. This is beneficial for those who prefer control over their crypto assets away from centralized exchanges.
Anticipating a Resurgence for Solana with $SOLX
Currently, during the presale, 1 $SOLX is priced at $0.00158. As is typical with presales, a price increase is expected soon, so prospective buyers should act quickly to secure their investments at this entry-level rate.
Always conduct your own research before investing; this content does not constitute financial advice. For further details, check the $SOLX whitepaper, and for updates, follow the $SOLX X feed.