What is Propy crypto & why is PRO token soaring?

    Propy (PRO) is now available on Coinbase.com, Coinbase Android and iOS apps. Starting January 14, users can trade, receive, send, and store PRO tokens on Coinbase and Coinbase Pro.

    Propy is a decentralized marketplace platform for international real estate transactions. The blockchain-based platform facilitates real-time unified transactions mitigating fraud and redundancy.

    PRO, an Ethereum token, powers Propy. The PRO token is used for paying platform fees as well as modifying and creating title and deed contracts. 

    On Friday, the Propy (PRO) traded up by 37.38% at 6:22 am ET. It traded at US$3.50.

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    The Propy platform brings agents and buyers together on a single, secure, unified platform based on the Ethereum blockchain. It made the world’s first real estate blockchain transaction in 2017.

    Propy’s real estate platform aims to process tokenized land with ease while maintaining the clients’ peace of mind. Smart contracts render the transactions’ needed transparency. Its clients are both retail and institutional investors.

    The company has also done the first government-approved title registry on the blockchain. The platform has helped in thousands of home purchases.

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     Propy (PRO) jumped on Coinbase listing; grew over 4000% in one year

    Data source: Coinmarketcap.com

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    Its current market capitalization is US$258.26 million. The token saw a 425.66% surge in trading volume to reach US$24.66 million in the last 24 hours. It has a circulating supply of 73,851,416 PRO. PRO’s maximum supply is not available while the total supply is 100,000,000. 

    The token touched the all-time high price of US$6.15 on January 05, 2018, and the all-time low was US$0.03035440 on March 13, 2020.

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    There are currently 10,622 holders of the PRO token, whereas the top 10 holders have around 82% of the tokens. The token has got loyal users as approximately 78% of the holders have been there for more than one year. 

    The token has increased by 4,009% in one year, as per data available on coinmarketcap.com.  It is ranked #313 on Coinmarketcap.com. The token can be purchased from Coinbase Exchange, HitBTC, Huobi Global, Hoo and Bitrue. 

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    Bottom line

    The crypto market is volatile and very dynamic as it works on all seven days, 24 hours. Any news and incident can affect it besides hacking concerns. Thus, an investor must exercise caution while investing in cryptos.  

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