Parcl (PRCL)-token sinks because dealers take profits with them

parcl (PRCL), the native token of the Solana-based real estate dex project PARCL, has fallen by 20 % in the last 24 hours.

The declines are due to the fact that retailers will probably take profits with them after the significant increase on December 17th. At the time of writing this article, PRCL was traded at around $ 0.46, which corresponds to a decrease of 20 % compared to its 24-hour maximum value of $ 0.58 and the weekly high of $ 0.61

PRCL dumps after coinbase list

Coinbase, a crypto exchange based in the USA, added its trade support for Parcl (PRCL) on the Solana platform on Tuesday. The stock exchange opened and withdrawals for the token after it was listed on Coinbase as well as in the iOS and Android apps from Coinbase Exchange.

parcl (prcl) is now live https://t.co/cd3rbjtmao & in the coinbase iOS- and android-Apps. Coinbase customers can register to buy, sell, convert, send, receive, receive or save these assets. https://t.co/676mikrrfh

- Coinbase assets 🛡️ (@coinbasassets) 17. December 2024

While the introduction of Parcl (PRCL) is limited to certain regions, the price rose to almost $ 0.60 due to its interest. This happened when the Bitcoin price rose to a record high of almost $ 108,000, which triggered a positive mood on the entire Altcoin market.

The coinbase Roadmap-Anschrung and the upward trend of the broader market led to the parl on December 17th to the Top winners of the market counted. However, since the sellers were the focus, also because of the BTC's break-in from the highest level, the PRCL price also lost the profits.

PRCL price view

The low -level low in the last 24 hours is $ 0.45, which is due to the fact that Bitcoin also fell from his ATH.

As already mentioned, the real estate-related project is currently being traded for $ 0.46. Due to the listing of Coinbase and other market conditions, the value of the token could still increase its all-time high of over $ 0.73 in April 2024.

In the meantime, the bulls have to defend the $ 0.40. Parcl's market capitalization is $ 101 million, compared to $ 120 million on Tuesday. The daily trading volume has dropped by 47 % to around $ 57.6 million after the price had reached its high level of $ 114 million due to the price increase.