Parcl ($PARCL) has hit the bottom, dropping in price by -13.10% over the past seven days. As a real estate DEX, PARCL offers traders the option of major city indexes, including New York, Los Angeles, and Dubai. Parcl is built on Solana’s smart contract platform.
It was Parcl added recently on the crypto exchange Coinbase, which causes a price increase, albeit temporarily. Parcl’s native token peaked at $0.586 on December, 17 but dropped to around $0.35.
It is not unusual for a token’s price to go up and down following a new listing on an exchange. And the price of $PARCL -13.10% is still positive compared to the same DeFi currencies, which decreased -17.60% during the same period. Solana, too, has seen a downward trend for almost a month now. But that is expected to see a change, after $SOLX.
Is $SOLX Stealing Parcel’s Limelight?
The Solaxy ($SOLX) pre-sale is in full swing, with investors rushing to get the tokens at the early bird price. The main appeal of $SOLX investors is in its construction of the Solana Layer 2 blockchain, which has plans to be the most advanced version of the Solana ecosystem.
Solana’s high transaction volumes (close to 179M in the last week alone) are prone to congestion and transaction failures. And these are the problems that Solaxy will face, as well as durability.
Solana is not the only one who is about to score. Solaxy is a multi-chain solution, which is good news for Ethereum and Binance. But it also means that the Solaxy presale is attracting investors from Solana, Ethereum, and BNB, which is not good news for PARCL DEX, or the $PARCL price.
Solaxy Presale Grabs Financial Attention
Since launching five days ago, the Solaxy presale raised $350K in its first 24 hours. As at the time of writing, that number has already risen to an eye-watering $3.46M. It’s an interesting place to watch, as the investor is in a frenzy, buoyed by a 1092% annual return. So far, it is estimated that 1051B $SOLX has already been staked.
Investors can get their hands on $SOLX through Solaxy’s official presale site, with $ETH, $BNB, $USDT, and card among the payment options. Buying $SOLX with $BNB in ​​the previous sale, however, means that owners will not be eligible for the 1092% annual return.
Buying $SOLX with a card requires a crypto wallet, such as MetaMask or Best Wallet. Both are free, although mobile-first The best Wallet app and 100% does not last. This is always a plus if you are looking for a crypto wallet that is not owned by a centralized exchange or company.
Solana Plans To Come Back With $SOLX
At this current stage of pre-sale, 1 $SOLX is worth $0.00158. But, of course, being a presale, the price increase is imminent. The next increase will happen in just over a day. So, the clock is ticking if you want to buy $SOLX at entry prices.
Be sure to start with DYOR, as this article does not constitute financial advice. Check it out $SOLX white paper for more information and updates, stay tuned to $SOLX X feed.
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