PropiChain (PCHAIN): The New RWA Altcoin Outperforming Solana (SOL) as Whales Look for Alternatives

Solana whales have made tremendous gains with the recent SOL rally but are looking for alternatives as the altcoin undergoes correction. Many prominent SOL

Solana (SOL) price has seen a sharp decrease over the past few days, dropping below a crucial support level as demand for the altcoin wanes following its recent rally to a new all-time high (ATH).

However, prominent SOL whales are shifting their focus to a new real estate-backed altcoin, PropiChain (PCHAIN), which is currently in its first presale stage and has shown promising potential for growth.

Solana (SOL) Price Drops Below Key Support Level

Solana price has been on an uptrend since mid-September 2024, rallying significantly within a rising upper trendline. On 7 November 2024, SOL price broke out of this trendline and began another leg up.

This breakout from the upper trendline saw Solana price surge over 36%, reaching a new ATH of $263.83 on 23 November 2024.

After reaching this new high, SOL price failed to continue its rally and began dropping due to a decrease in demand. Over the past four days, the altcoin has dropped over 10% from its ATH and now trades at $233.49.

A closer look at the MACD indicator shows an increase in bearish momentum, which could be attributed to the movement of funds by prominent Solana whales. These whales are shifting their capital into the new RWA altcoin, PropiChain, ahead of its launch.

PropiChain (PCHAIN): Real Estate, AI, and Metaverse Integration

PropiChain is a real estate-backed Web3 platform that aims to revolutionize the real estate industry and address the challenges faced by investors today.

It combines blockchain, artificial intelligence (AI), and Metaverse technology to enhance security, transparency, and accessibility in the real estate market.

PropiChain utilizes blockchain technology to improve the security and transparency of real estate transactions. It tokenizes whole properties, enabling users to trade these tokens on a decentralized ledger.

These tokens represent small fractions of the properties, allowing users to participate in fractional ownership and achieve greater diversification in their portfolios.

Fractionalization also increases liquidity, providing users with an environment where they can engage in more frequent property transactions compared to traditional real estate.

Furthermore, it enhances accessibility by enabling PropiChain users to access high-end, expensive real estate without having to allocate substantial capital.

The Metaverse makes real estate even more accessible by allowing users to assess properties from the comfort of their own homes without having to physically visit each one.

PropiChain integrates a virtual 3D rendering of all properties, enabling users to experience the real estate they are interested in before finalizing their investment decisions.

Once investors have decided on the piece of real estate they wish to invest in, they can utilize the platform's AI features to assist them with the transaction.

The AI provides users with market insights, such as future price fluctuations and demand changes according to property type, which they can use to develop their investment strategies.

Furthermore, the AI offers automated transactions to help implement these strategies accurately. The user only needs to set the valuation at which they want to purchase the property, after which the AI monitors the price and automatically executes the order at the instant when the specific valuation is hit.

PropiChain offers more automation with its smart contracts, which help create lease agreements. The smart contracts automatically trigger the lease based on the completion of signatures and fund transfers.

Thus, PropiChain users are not required to fill out endless paperwork or hire expensive lawyers.

Smart contracts also automate lease renewals by notifying both parties when the lease expires and automatically creating a new lease with updated terms. They store all the legally binding lease documents on the blockchain, making the deal publicly accessible but tamper-proof.

PCHAIN is the native altcoin that powers these vast features on the platform. Let’s analyze the potential growth from investing in this RWA altcoin and compare it with Solana to determine which offers better returns.

SOL vs. PCHAIN: Can The New RWA Altcoin Outperform Solana?

If Solana can resume its uptrend and move past the resistance levels at $242, $248.6, and $260.36, it might start another leg up and again begin a rally similar to the one we have seen in the past few weeks.

However, prominent Solana whales are confident that the new real estate-backed Web3 altcoin, PCHAIN, can outperform SOL and provide better returns.

PCHAIN is currently in the first presale stage. The altcoin is available at the lowest price of $0.004 before it surges to $0.011 in the second and $0.023 in the third presale stages and then launches at $0.032.

Thus, stage one investors can turn an initial $500 investment into $4,00