Parcl (PRCL) token dips as traders take profits
Parcl (PRCL), the native token of Solana-based real estate DEX project Parcl, has dipped 20% in the past 24 hours.
The declines come as traders likely take profits following the notable spike on Dec. 17. At the time of writing, PRCL traded around $0.46, down 20% from its 24-hour peak of $0.58 and off the weekly high of $0.61.
PRCL dumps post Coinbase listing
Coinbase, a U.S based crypto exchange, added its trading support for Parcl (PRCL) on the Solana platform on Tuesday. The exchange opened deposits and withdrawals for the token after listing on both the Coinbase and Coinbase Exchange’s iOS and Android apps.
Parcl (PRCL) is now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKRrfh
— Coinbase Assets 🛡️ (@CoinbaseAssets) December 17, 2024
While Parcl (PRCL) roll-out is limited to certain regions, interest saw its price jump to near $0.60. This came as Bitcoin price rose to its record high near $108k, igniting upbeat sentiment across the altcoin market.
The Coinbase roadmap announcement and the broader market upside meant Parcl trended as one of the market’s top gainers on Dec. 17. However, with sellers taking center stage including for BTC’s slump from the peak, PRCL price has also pared gains.
PRCL price outlook
The recorded low in the past 24 hours for Parcl is $0.45, which came as Bitcoin also dropped from its ATH.
As noted, the real estate related project currently trades at $0.46. Coinbase’s listing and other market conditions could yet see the value of the token rise to its April 2024 all-time high above $0.73.
In the meantime, bulls must defend the $0.40 zone. Parcl market cap is at $101 million, down from $120 million on Tuesday. Daily trading volume has decreased by 47% to about $57.6 million, down from highs of $114 million as price surged.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institutional Demand Spurs BTC Rally, Bitcoin ETF Inflows Peak at $442M with IBIT Leading the Charge
IBIT Emerges as Key Player in the Bitcoin ETF Space, Could Soon Challenge Wall Street's Largest Counterparts

Cardano Empowers Users with XRP Transactions via Lace Wallet
In Brief Cardano users can now perform XRP transactions through Lace Wallet. The Midnight Network is introducing new airdrop opportunities for XRP holders. Market reactions indicate cautious optimism for Cardano and XRP prices.

XRP’s 16-Day $3 Surge Sparks Hopes of Breaking All-Time Highs

Trump turns on ‘buddy’ Putin over Ukraine, says he’ll slap Russia with sanctions now
Share link:In this post: Trump warned he may hit Russia with new sanctions after fresh missile attacks on civilians. Trump met with Zelenskyy in Rome and called the meeting productive, but gave no full details. Trump offered a peace deal that includes recognizing Crimea as Russian territory, which Zelenskyy rejected.
Trending news
MoreCrypto prices
More








