Parcl ($PARCL) has taken a knock, with a price decline of -13.10% in the past seven days. As a real estate trading DEX, PARCL provides traders with the option of major city indices, among them New York, Los Angeles, and Dubai. Parcl is built on a smart contract platform on Solana.
Parcl was recently included on crypto exchange Coinbase, prompting a price spike, albeit a short-lived one. Parcl’s native token reached $0.586 on December, 17 but has since dropped to around $0.35.
It’s not unusual for a token price to rise and drop following a new exchange listing. And $PARCL’s price -13.10% is still favorable compared to similar DeFi currencies, which are down -17.60% in the same period. Solana, too, has also been seeing a downward trend for close to a month now. But that’s expected to see a turnaround, on the back of $SOLX.
Is $SOLX Stealing Parcl’s Limelight?
The Solaxy ($SOLX) presale is in full swing, with investors racing to secure tokens at an early bird price. $SOLX’s massive investor appeal lies in its building of a Solana Layer 2 blockchain, with plans to be a vastly improved version of the Solana ecosystem.Â
Solana’s high transaction volumes (close to 179M in the past week alone) are prone to congestion and failed transactions. And these are the issues Solaxy will tackle, along with scalability.Â
It’s not just Solana that’s set to score. Solaxy is a multi-chain solution, which is good news for Ethereum as well as for Binance. But it also means the Solaxy presale is drawing investors from Solana, Ethereum, and BNB, which isn’t great news for the PARCL DEX, or $PARCL’s price.
Solaxy Presale Is Grabbing Investor AttentionÂ
Since launching just over five days ago, the Solaxy presale raised $350K in its first 24 hours. As at the time of writing, that figure has already skyrocketed to an eye-watering $3.46M. It’s an exciting space to watch, as the investor frenzy gathers momentum, buoyed by 1092% annual returns. So far, an estimated 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 presale, however, means holders won’t be eligible for the 1092% annual returns.Â
Buying $SOLX by card requires a crypto wallet, like MetaMask or Best Wallet. Both are free, although the mobile-first Best Wallet app is also 100% non-custodial. This is always a plus if you want a crypto wallet that doesn’t belong to a centralized exchange or company.Â
Solana Set for a Comeback with $SOLX
In this current presale stage, 1 $SOLX costs $0.00158. But, of course, being a presale, a price rise is imminent. The next increase will happen within just more than a day. So, the clock is ticking if you want to buy $SOLX at entry level prices.Â
Be sure to first DYOR, as this article does not constitute financial advice. Check out the $SOLX whitepaper for more information and for updates, keep an eye on the $SOLX X feed.
