Parcl (PRCL), the native token of Solana-based actual property DEX mission Parcl, has fallen 20% within the final 24 hours.
The decline comes as merchants are prone to take earnings after a big rally on December 17. On the time of writing, PRCL was buying and selling round $0.46, down 20% from its 24-hour peak of $0.58 and off a weekly excessive of $0.61.
PRCL listings after Coinbase itemizing
US-based crypto alternate Coinbase added buying and selling help for Parcl (PRCL) on the Solana platform on Tuesday. The alternate has opened deposits and withdrawals for the token after being listed on the iOS and Android apps on Coinbase and Coinbase Trade.
Parcl (PRCL) is now stay on https://t.co/CD3RBjtMAO and the Coinbase iOS and Android apps. Coinbase clients can log in to purchase, promote, convert, ship, obtain or retailer these property. https://t.co/676miKRrfh
— Coinbase Belongings 🛡️ (@CoinbaseAssets) December 17, 2024
Whereas the rollout of Parcl (PRCL) is restricted to sure areas, curiosity has seen its worth leap to just about $0.60. This got here as the worth of Bitcoin rose to its all-time excessive close to $108k, fueling optimistic sentiment within the altcoin market.
Coinbase's roadmap announcement and broader market progress meant that Parcl grew to become one of the crucial worthwhile markets on December seventeenth. Nonetheless, with sellers taking heart stage, together with BTC's plunge from the highest, the PRCL worth additionally pared features.
PRCL worth outlook
The final 24-hour low for Parcl is $0.45, which got here as Bitcoin additionally dropped from its ATH.
As famous, the actual property mission is presently buying and selling at $0.46. Coinbase's itemizing and different market circumstances may but see the token rise to its all-time excessive in April 2024 above $0.73.
In the meantime, the bulls should defend the $0.40 zone. Parcl's market capitalization is $101 million, down from $120 million on Tuesday. Each day buying and selling quantity fell 47% to round $57.6 million, down from a excessive of $114 million when the worth surged.
