Parcl ($PARCL) has recently faced challenges, with its price slipping by -13.10% over the past week. As a real estate trading DEX, it allows users to engage with major city indices, including New York, Los Angeles, and Dubai, all built on a smart contract platform utilizing Solana.
The excitement peaked when Parcl was listed on Coinbase, which temporarily lifted its price. The token soared to $0.586 on December 17, only to fall back down to around $0.35 shortly afterward. This performance is notable, especially considering that the broader sector of DeFi currencies has experienced a more significant downturn of -17.60% during the same timeframe.
Like Parcl, Solana is also walking a difficult path, with nearly a month of downward momentum. However, there’s a glimmer of hope on the horizon, stemming from a burgeoning project named Solaxy ($SOLX).
Is $SOLX Stealing the Spotlight from Parcl?
The Solaxy presale has ignited considerable interest, with investors clamoring to acquire tokens at introductory prices. The draw of $SOLX lies in its ambition to create a Layer 2 blockchain on Solana, which aims to enhance the existing ecosystem significantly. With Solana recording close to 179 million transactions in just the last week, issues like congestion and failed transactions are common challenges that Solaxy intends to address alongside scalability.
But it’s not solely Solana that’s set to benefit from this innovation. Solaxy is framing itself as a multi-chain solution, appealing to investors from Ethereum and BNB as well, which means the presale is attracting buyers from all corners of the crypto community. Unfortunately for PARCL, this is less than ideal news, as it may further undermine the momentum of $PARCL.
Solaxy Presale Captures Investor Enthusiasm
Since launching a little over five days ago, the Solaxy presale has generated an impressive $350K in its initial 24 hours. At the time of writing, this figure has soared to an astonishing $3.46M. The excitement around this presale is palpable, buoyed by prospects of 1092% annual returns. Thus far, approximately 1051 billion $SOLX has already been staked.
On Thursday, December 19, $SOLX achieved the remarkable milestone of surpassing $3M in presale funding. Investors can purchase $SOLX directly from the Solaxy presale site using $ETH, $BNB, $USDT, or even traditional card payments. However, purchasing $SOLX with $BNB means investors will miss out on those enticing 1092% annual returns.
For those considering buying $SOLX via card, it’s important to have a crypto wallet, such as MetaMask or the Best Wallet app. The Best Wallet is particularly advantageous since it offers a 100% non-custodial experience, ensuring complete control over your crypto assets without reliance on centralized entities.
The Future of Solana with $SOLX
Currently, 1 $SOLX is valued at $0.00158 during this presale phase, but as is typical with presales, an upward price adjustment is on the horizon within just over a day. Time is of the essence for those aiming to secure $SOLX at these entry-level costs.
Always conduct your own research before making any investment decisions, as this article does not provide financial advice. For detailed insights, take a look at the $SOLX whitepaper and stay updated via the $SOLX Twitter feed.
