Parcl is a unique blockchain platform that allows you to speculate in the real estate market. It is a decentralized exchange (DEX) for trading real estate anywhere in the world.
The Parcl platform is built on top of the Solana blockchain and offers NFTs which improves the accumulation of Parcl poins.
The ecosystem is powered by the PRCL token which is the preferred currency for value exchange inside it.
This article is your go-to guide to understanding the Parcl platform and its native utility token. I will discuss the prominent features of the platform, the economics of the token, its past performance, and future price predictions.
In the end, you can also see where and how you can buy the PRCL token, should you come here for that.
Parcl (PRCL) Key Features
| Leverage | Parcl offers up to 10x leverage for trading, which can enable advanced traders to capitalize on their expertise. |
| Proprietary data | The platform uses proprietary data to monitor fluctuations in real-estate prices. |
| Decentralized | PRCL tokens serve as the governance token allowing token holders to participate in the platform’s ecosystem. |
Parcl (PRCL) Tokenomics
Parcl token has a total supply of 1 billion tokens, which is also the maximum supply of the token. At 125 million PRCL, only 12.5% of the tokens are in circulation.
Parcl (PRCL) Past Performance
While I am researching for this article, Parcl token is trading at $0.6422, which is 0.5% down from yesterday.
The token’s market capitalization stands at $81.8 million and the 24-hour trading volume is at $422.2 million.
Parcl (PRCL) Price Prediction
We have considered technical indicators including support and resistance levels, RSI, Moving Averages, and, the MACD to gain an insight into the market’s supply and demand.
Additionally, common candlestick chart patterns were also considered. You can find the projected price of the Parcl token in the next five years in the table below.
| Year | Min Price | Av Price | Max Price |
| 2024 | $0.04869249 | $0.050198 | $0.057728 |
| 2025 | $0.053562 | $0.055218 | $0.063501 |
| 2026 | $0.058918 | $0.060740 | $0.069851 |
| 2027 | $0.064810 | $0.066814 | $0.076836 |
Where to Buy Parcl (PRCL)?
You can buy the Parcl token from the following crypto exchanges.
How to Buy Parcl (PRCL)?
Follow these steps to buy the Parcl token from Gate.io.
- Go to the Gate.io website, sign up for a free account, and complete the KYC procedure to get started.
- Then, top up your Gate.io wallet with Tether (USDT) stablecoins.
- Navigate to the trading terminal and search for PRCL/USDT.
- Choose ‘limit order’, type the number of Parcl tokens you want to buy, and click the ‘buy’ button.
- Then, click ‘confirm’ to continue. When the transaction is complete, the PRCL tokens will be credited to your Gate.io wallet.
Conclusion
Parcl utilized blockchain technology to solve a unique problem in the financial space. The platform tries to create an efficient market for real estate assets, which is otherwise muddled with middlemen.
Now, the project only supports a few cities in the United States but is planning to expand its services. PRCL, the native token of the platform, was launched only a week back, the token shows large upside potential.
As always, remember that crypto assets, including cryptocurrencies, are subjected to extreme price volatility. The reader is advised to exercise caution while putting money into such ventures. Also, stay away from leveraged instruments and complex financial products.
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