Parcl (PRCL) has skilled a powerful surge within the cryptocurrency market. In response to market information, PRCL’s worth has elevated by greater than 110% and is buying and selling at round $0.04970.
The chart reveals a rise in PRCL worth.
The rise in token costs adopted the announcement of a strategic partnership between Parc and Polymarket.
Nevertheless, it needs to be famous that PRCL worth is down about 94% from its all-time excessive.
In response to an official announcement, the 2 firms will launch Parcl’s actual property forecasting market on Polymarket primarily based on each day home worth index. This new construction will permit traders to precise their expectations in regards to the course of residence costs primarily based on clear and verifiable information.
The assertion mentioned Polymarket will likely be liable for itemizing and working the market, whereas Parcl will present unbiased index information and consensus references. Its objective is to make sure that market outcomes are displayed clearly and transparently utilizing publicly accessible and auditable information.
Parcl CEO Trevor Bacon mentioned prediction markets are gaining momentum: “Parcl goals to be a supply of actuality in actual property pricing. We consider actual property needs to be one of many key classes within the prediction market ecosystem, and we’re excited to companion with Polymarket on this house.”
“Prediction markets work greatest when their outcomes might be examined with out fail,” mentioned Polymarket CMO Matthew Modaver. “Parcl’s each day housing index offers a robust basis for constructing an actual property market with clear and constant outcomes.”
The 2 groups plan to roll out the actual property prediction market in phases. Initially, cities with excessive mobility will likely be included. New metropolitan areas and index-based merchandise will likely be added primarily based on consumer demand. We additionally plan to collaborate on customary market templates and instruments.
*This isn’t funding recommendation.
