Parcl (PRCL) has experienced a remarkable surge in the cryptocurrency market. According to market data, PRCL has gained over 110% in value and is trading at approximately $0.04970.
The increase in the token price followed the announcement of a strategic partnership between Parcl and Polymarket.
However, it should be noted that the PRCL price has fallen by approximately 94% from its record high.
According to the official announcement, the two companies will launch Parcl’s real estate forecasting marketplace, based on daily housing price indices, on Polymarket. This new structure will allow investors to express their expectations regarding the direction of housing prices based on transparent and verifiable data.
The statement indicated that Polymarket will be responsible for the listing and operation of the markets, while Parcl will provide independent index data and consensus references. The aim is to ensure that market results are clearly and transparently presented using publicly available and auditable data.
Parcl CEO Trevor Bacon stated that the prediction markets are gaining momentum, saying, “Parcl aims to be a source of reality in real estate pricing. We believe that real estate should be one of the main categories in the prediction market ecosystem. We are excited to partner with Polymarket in this area.”
Polymarket CMO Matthew Modabber said, “Prediction markets work best when the results can be undeniably verified. Parcl’s daily housing indexes provide a strong foundation for creating real estate markets with transparent and consistent results.”
The two teams plan to gradually roll out real estate forecasting markets. Initially, cities with high liquidity will be included; new metropolitan areas and index-based products will be added according to user demand. They will also collaborate on standard market templates and tools.
*This is not investment advice.
