Parcl ($PARCL) has experienced a setback, with a price reduction of -13.10% over the last week. As a decentralized exchange specializing in real estate trades, PARCL offers investors access to prominent city indices, including New York, Los Angeles, and Dubai. Parcl operates on a smart contract framework on the Solana network.
Parcl was recently added to the cryptocurrency platform Coinbase, which led to a brief price surge. The native token of Parcl peaked at $0.586 on December 17 but has since fallen to approximately $0.35.
It is quite common for a token’s value to fluctuate after being listed on a new exchange. At -13.10%, $PARCL’s price remains relatively better than other comparable DeFi assets, which have experienced a drop of -17.60% during the same timeframe. Solana has similarly been on a downward trajectory for nearly a month now. However, expectations are that it will see a resurgence, supported by $SOLX.
Is $SOLX Capturing Parcl’s Spotlight?
The Solaxy ($SOLX) presale is currently in full swing, with investors eager to acquire tokens at an early bird rate. The substantial appeal of $SOLX among investors stems from its development of a Layer 2 blockchain on Solana, aimed at being a significantly enhanced version of the Solana ecosystem.
The high transaction volumes on Solana (nearly 179 million just in the past week) lead to congestion and transaction failures. These are some of the challenges Solaxy aims to address, alongside improving scalability.
It’s not only Solana that’s poised to benefit. Solaxy is also a multi-chain solution, which presents advantageous prospects for Ethereum and Binance as well. However, this also indicates that the Solaxy presale is attracting investors from Solana, Ethereum, and BNB, which doesn’t bode well for the PARCL DEX or the price of $PARCL.
Solaxy Presale Captivating Investor Interest
Since its launch just over five days ago, the Solaxy presale has amassed $350K within its first 24 hours. As of the time of this writing, that amount has surged to an astounding $3.46 million. This is an exhilarating space to observe as the investor excitement builds up, bolstered by 1092% annual returns. To date, approximately 1051 billion $SOLX has been staked.
Investors can purchase $SOLX via Solaxy’s official presale platform, using payment methods like $ETH, $BNB, $USDT, and credit cards. However, opting to buy $SOLX with $BNB in the presale will mean that holders are not eligible for the 1092% annual returns.
Acquiring $SOLX via card necessitates having a crypto wallet, such as MetaMask or Best Wallet. Both options are free, although the mobile-centric Best Wallet app is completely non-custodial, which is always advantageous for users who prefer a crypto wallet that does not belong to any centralized exchange or entity.
Solana Set to Rebound with $SOLX
In the current presale phase, 1 $SOLX is priced at $0.00158. Being in a presale, a price escalation is surely on the horizon. The next hike is expected within just over a day. Therefore, the time is limited if you wish to acquire $SOLX at initial offering prices.
Ensure you conduct your own research (DYOR) first, as this article does not serve as financial advice. For more details, check the $SOLX whitepaper for additional information, and for updates, follow the $SOLX X account.