Propy (PRO), the native token of the decentralized real estate marketplace, continues to rally

 PRO, the native token blockchain real estate platform Propy has rallied 200% in the past 7 days after Coinbase exchange listed it last week.
PRO, the native token blockchain real estate platform Propy has rallied 200% in the past 7 days. Credit: Propy

Key Takeaways

  • The price of PRO, the native token of blockchain real estate platform Propy is rallying
  • Cryptocurrency exchange Coinbase recently listed PRO on its platform for users to trade
  • PRO is up 200% in the past 7 days

YEREVAN (CoinChapter.com)- The virtual real estate service industry is booming. Nonfungible tokens (NFTs) and the Metaverse are gaining popularity and new supporters, every day. As a result, projects associated with them are also making massive gains. One such project, Propy (PRO) has bolted over 200% in the past seven days.

Propy (PRO) is a blockchain network facilitating real estate purchases virtually. The decentralized platform makes transactions and purchases safer and risk-free. The blockchain uses a native token, the PRO, to power its transactions. PRO is an Ethereum-based token that people use to pay platform fees. Any deed contracts created or edited on Propy require the PRO token. 

Propy opened the year at just $1.47 per token and went as low as $1.09 on January 10. However, since Wednesday, PRO has been on the rise. At the time of writing, Propy (PRO) trades for around $4 per coin, with a 24-hour high of $4.40, according to CoinMarketCap.

In the past 24 hours, the price of PRO is up by over 50%. 

Propy pro token rallied after Coinbase listing.
Propy rallied after Coinbase listing.

Recommended: Coinbase Pro listed Propy (PRO) token, boosting its price over 110%

What propelled the Propy (PRO) token rally? 

The most immediate cause of the token’s rally is the recent listing on the Coinbase exchange

On January 12, the official Twitter handle of Propy informed that the major cryptocurrency exchange will make PRO available for its users starting January 13.

The listing was enough to receive a positive response from the community. PRO, which had ended the previous day at $1.25 per token closed the trading session at $2.9. The days that followed would send the Propy prices soaring. 

By January 14, PRO price had rallied over 220% since the listing announcement two days earlier.

Registered in 2017, the price of Propy hit an all-time high of $6.15 four years ago on January 5, 2018. However, the market crash of the same year sent the prices plummeting again. 

The founder and CEO of Propy, Natalia Karayaneva, is a real estate professional. She hopes to help protect the real estate industry from scams and wire fraud.

The company also enables agents to earn tokens and create personal NFTs by using the Propy platform. By simply doing real estate transactions on Propy, such as submitting offers, closing deals, and inviting participants, agents can get rewarded in PRO cryptocurrency.

“Our goal is to provide a complete “one-stop experience” for any broker or agent – as well as showcase the benefits that blockchain, NFTs, and Cryptocurrency can provide to the real estate ecosystem,”  

Karayaneva says.
Propy PRO price has rallied 200% in the past 7 days
Propy PRO price has rallied 200% in the past 7 days. Credit: CoinMarketCap

As the NFT and Metaverse craze continues to grip the world, Propy has combined two of the trendiest investment options: the real estate industry and blockchain. Will it reclaim its all-time high anytime soon? Time will tell, but it could potentially go way higher than that in the months to come. 

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Propy (PRO), Propy (PRO), the native token of the decentralized real estate marketplace, continues to rally

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