Coinbase’s announcement of listing Parcl, a Solana-based decentralized real estate trading platform’s PRCL token on December 17 (starting around 9:00 AM Pacific Time, subject to liquidity), has led to a significant price spike. The exchange plans to add the PRCL-USD trading pair once supply is sufficient and will roll out the token in phases, with some jurisdictional restrictions.
Parcl offers access to city indexes of major locations like New York and enables liquid real estate investment with up to 50x leverage. It’s a member of the RWA Council on Solana. After its token generation event in April 2024 (800 million PRCL distributed post-April 8 snapshot), Coinbase added it to the listing roadmap on Dec. 14, triggering a price surge.
The token hit a multi-month high above $0.60 and in the past 24 hours, soared over 13% to retest an eight-month high, with potential to aim for the April 2024 all-time high of $0.73 if bullish momentum continues.
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