A decentralized real estate trading platform built on the smart contract platform Solana (SOL) experienced fluctuations in its price following support from Coinbase.
Recently, Coinbase announced on the social media platform X that it had added Parcl (PARCL), a decentralized exchange (DEX) enabling users to trade and invest in real estate using synthetic assets without physical ownership of any property. The addition led to a price dip for the token, dropping from a peak of $0.586 to a low of $0.408 within two days. Currently, PARCL is trading at $0.418, reflecting a 9% decrease in the last 24 hours.
On December 15th, Coinbase included PARCL in its listing roadmap, hinting at imminent support. This move sparked a 50% surge in the altcoin’s value, which was trading at just $0.33 on December 10th.
PARCL’s objective is to offer traders global city indexes, including prominent cities like New York, Miami Beach, San Francisco, Austin, Los Angeles, Chicago, and Dubai. Users can acquire tokens representing a stake in a specific index.
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