Parcl (PRCL), the native token of Solana-based actual property DEX venture Parcl, has dipped 20% prior to now 24 hours.
The declines come as merchants seemingly take earnings following the notable spike on Dec. 17. On the time of writing, PRCL traded round $0.46, down 20% from its 24-hour peak of $0.58 and off the weekly excessive of $0.61.
PRCL dumps put up Coinbase itemizing
Coinbase, a U.S based mostly crypto alternate, added its buying and selling assist for Parcl (PRCL) on the Solana platform on Tuesday. The alternate opened deposits and withdrawals for the token after itemizing on each the Coinbase and Coinbase Trade’s iOS and Android apps.
Parcl (PRCL) is now dwell on https://t.co/CD3RBjtMAO & within the Coinbase iOS & Android apps. Coinbase prospects can log in to purchase, promote, convert, ship, obtain or retailer these property. https://t.co/676miKRrfh
— Coinbase Property 🛡️ (@CoinbaseAssets) December 17, 2024
Whereas Parcl (PRCL) roll-out is restricted to sure areas, curiosity noticed its worth soar to close $0.60. This got here as Bitcoin worth rose to its file excessive close to $108k, igniting upbeat sentiment throughout the altcoin market.
The Coinbase roadmap announcement and the broader market upside meant Parcl trended as one of many market’s high gainers on Dec. 17. Nonetheless, with sellers taking heart stage together with for BTC’s droop from the height, PRCL worth has additionally pared positive aspects.
PRCL worth outlook
The recorded low prior to now 24 hours for Parcl is $0.45, which got here as Bitcoin additionally dropped from its ATH.
As famous, the true property associated venture at the moment trades at $0.46. Coinbase’s itemizing and different market situations may but see the worth of the token rise to its April 2024 all-time excessive above $0.73.
Within the meantime, bulls should defend the $0.40 zone. Parcl market cap is at $101 million, down from $120 million on Tuesday. Every day buying and selling quantity has decreased by 47% to about $57.6 million, down from highs of $114 million as worth surged.
