ECNETNews reports that a significant development in the cryptocurrency sector has emerged as a leading exchange announces the listing of Parcl, a decentralized real estate trading platform built on the Solana blockchain.
The Prcl (PRCL) token is set to be listed starting December 17, with trading commencing at or after 9:00 AM Pacific Time, pending liquidity conditions.
The exchange will introduce the PRCL-USD trading pair once there is an adequate supply. Transactions involving PRCL will be facilitated on both the exchange itself and its trading platform. However, the rollout will be gradual, with availability limited in specific jurisdictions.
Understanding Parcl
Parcl is revolutionizing real estate investment through its decentralized platform, offering access to city indexes in major markets such as New York, San Francisco, and London.
This innovative project allows for liquid investment in real estate, enabling users to trade with leverage up to 50x. Parcl provides a unique opportunity for investors to speculate on or hedge against real estate price fluctuations. The assets are represented by index prices that denote the average price per square foot or meter in a targeted area.
Moreover, Parcl is an active participant in initiatives aimed at promoting real-world assets on the Solana blockchain, collaborating with others in the sector to enhance its offerings.
PRCL Token Performance
The token generation event for Parcl concluded in April 2024, resulting in the distribution of 800 million PRCL following an April 8 snapshot.
The exchange included PRCL on its listing roadmap on December 14, coinciding with a notable price surge. The token reached a multi-month peak above $0.60 before retracing as the wider cryptocurrency market adjusted following Bitcoin’s recent fluctuations.
In just 24 hours, the price of Parcl surged over 13%, approaching an eight-month high. If bullish momentum continues, the token could target its all-time high of $0.73 set on April 22, 2024.
