Parcl ($PARCL), a real estate trading DEX built on Solana, has seen its price fall by 13.10% in the last week. This comes after a short-lived price spike following its listing on Coinbase. While the drop is noticeable (from $0.586 to around $0.35), it’s still better than the performance of similar DeFi currencies, which are down 17.60% during the same period.
Solaxy’s Rise and Parcl’s Fall
The main reason for Parcl’s slump might be the explosive success of Solaxy ($SOLX). Solaxy’s presale is attracting a huge amount of attention, raising $3.46 million in just a few days. This is partly due to its ambitious goal: building a vastly improved Solana Layer 2 blockchain to address Solana’s scalability and transaction congestion issues (Solana saw nearly 179 million transactions last week alone!).
Solaxy’s multi-chain approach is also appealing to investors from Ethereum and Binance, pulling investment away from other Solana-based projects like Parcl.
The Solaxy Presale: A Closer Look
The Solaxy presale is offering tokens at $0.00158, but the price is set to increase soon. Investors can buy $SOLX using ETH, BNB, USDT, or a credit/debit card. However, using BNB for the purchase means missing out on the promised 1092% annual returns. Card purchases require a crypto wallet like MetaMask or Best Wallet (Best Wallet is a non-custodial mobile app). Over 1051 billion $SOLX tokens have already been staked.
Solana’s Potential Comeback
Solaxy’s success could potentially revitalize the Solana ecosystem, addressing its current limitations. The project is certainly generating a lot of buzz, and the rapid growth of its presale suggests strong investor confidence.
Disclaimer: This information is for educational purposes only and is not financial advice. Always do your own research (DYOR) before investing in any cryptocurrency. Refer to the $SOLX whitepaper and official channels for the latest updates./p>
