Parcl ($PARCL) has taken a knock, with a price decline of -13.10% previously seven days. As an actual estate trading DEX, PARCL provides traders with the choice of major city indices, amongst them Latest York, Los Angeles, and Dubai. Parcl is built on a sensible 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 common for a token price to rise and drop following a latest exchange listing. And $PARCL’s price -13.10% continues to be favorable in comparison with similar DeFi currencies, that are down -17.60% in the identical period. Solana, too, has also been seeing a downward trend for near 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 constructing of a Solana Layer 2 blockchain, with plans to be a vastly improved version of the Solana ecosystem.
Solana’s high transaction volumes (near 179M previously week alone) are vulnerable to congestion and failed transactions. And these are the problems Solaxy will tackle, together with scalability.
It’s not only Solana that’s set to attain. Solaxy is a multi-chain solution, which is sweet news for Ethereum in addition to for Binance. Nevertheless 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 Attention
Since launching just over five days ago, the Solaxy presale raised $350K in its first 24 hours. As on the time of writing, that figure has already skyrocketed to an eye-watering $3.46M. It’s an exciting space to look at, because the investor frenzy gathers momentum, buoyed by 1092% annual returns. Thus 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 many payment options. Buying $SOLX with $BNB within the presale, nevertheless, means holders won’t be eligible for the 1092% annual returns.
Buying $SOLX by card requires a crypto wallet, like MetaMask or Best Wallet. Each are free, although the mobile-first Best Wallet app can also be 100% non-custodial. That is at all times a plus for those who need a crypto wallet that doesn’t belong to a centralized exchange or company.
Solana Set for a Comeback with $SOLX
On this current presale stage, 1 $SOLX costs $0.00158. But, in fact, being a presale, a price rise is imminent. The subsequent increase will occur inside just greater than a day. So, the clock is ticking if you must buy $SOLX at entry level prices.
You’ll want to first DYOR, as this text doesn’t constitute financial advice. Try the $SOLX whitepaper for more information and for updates, keep watch over the $SOLX X feed.