Could PRO’s 44% Spike Finally Initiate A Recovery?

On Dec 23, 2022

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Propy (PRO) price is hovering at $0.46, up by over 20% in the last 24 hours and recording a live market cap of $38.39 million alongside a 24-hour trading volume of $1.47 million. It currently ranks #381 on CoinMarketCap. The recent Propy price rally is attributed to the news of a partnership with its NFT industry peer, SEEN.HAUS, coming in to prop up Propy’s real estate NFT dominance where it would sell NFTs representing physical assets like cars, jewelry, watches, and physical collectibles.

Propy is a platform for international real estate transactions powered by PRO crypto, an Ethereum-based token used to pay for platform fees like modifying and creating title and deed contracts. Propy is a solution in itself, creating an innovative real estate transaction platform based on blockchain technology. The core objective of the Propy project is to serve the real estate industry by providing a centralized property database and an asset transfer framework.

To this end, Propy links real estate players including buyers, sellers, registries, and traders across the globe by using cloud and blockchain technologies. Propy seeks to encourage real estate assets to become more liquid while giving users more control over the transaction process.

Propy Partners With SEEN.HAUS

As the world’s leading innovator in the real estate industry automating transactions, Propy has broken the record with the world’s first real estate non-fungible token (NFT). Propy’s goal is to drive innovation while pushing its vision for the future of real estate technology to the next level.

The latest news on the Propy ecosystem is their collaboration with SEEN.HAUS, a leading blockchain-based NFT auction house specializing in digital and physical art.

1/ We’re always looking for ways to innovate and push the boundaries of what’s possible. Our overall goal is to drive innovation and our vision of the future of real estate technology to the next level.
We’re thrilled to announce that we’ve joined forces with @seen_haus pic.twitter.com/6QPRZNFgSA
— Propy (@PropyInc) December 20, 2022

SEEN.HAUS is committed to merging the digital and physical worlds through NFT and tangible product auctions, a unique combination of limited-edition collectibles, blockchain technology, and the power of community. They are a known player amongst NFT collectors, with an outstanding user experience.

With this collaboration, the SEEN team will help Propy to focus on disrupting the real estate market by building the Propy marketplace and aiding in bringing Web3 initiatives.

2/The article & thread will give you more insights on this new step we take together to build the new Web3 infrastructurehttps://t.co/TFTunJ8ZOD
The SEEN team will help Propy to focus on disrupting the RE market, building our marketplace & assisting in bringing Web3 initiatives
— Propy (@PropyInc) December 20, 2022

According to the report, Propy will be leveraging SEEN’s goal to sell NFTs representing physical assets like cars, jewelry, watches, and physical collectibles, combining the powers of the two NFT powerhouses to further develop a trustworthy and on-trend exchange platform for buyers and sellers with a focus on real estate.

This is not the first encounter between Propy and SEEN. The two met back in June 2021 when Propy sold the first-ever apartment as an NFT. Months later, SEEN helped Propy with the first US-based property as an NFT as well. Together the two companies made a turning point in the history of NFTs and real estate, marking for the first-time instance where a real estate NFT was sold.

By joining forces, Propy and SEEN.HAUS can offer their individual and combined customers a wider range of services and support than ever before.

The news of the collaboration has fueled PRO prices since it first came out on December 21, sending the PRO price up 77% from the December 20 floor price of $0.31 to $0.55 on December 22 while the hype lasted. The price has since reduced to the current $0.46 as bulls seek to push Propy price higher to the $0.66 level.

Propy Coin Price Bulls Seek A Return To $0.66

PRO price has been sealed in a downtrend since it was listed on Major exchanges this year. It trades 90% below the $4.83 high reached on January 17. The bears have controlled the Propy Coin price for the better part of the year in a prolonged sell-off that halted at the $0.352 support zone.

However, PRO displayed strength when it displayed an amazing 53% rally climbing from the said support level to a high of $0.55 as shown on the daily chart below. 44% of these gains were made on Thursday alone after the SEEN.HAUS partnership news reached the crypto community. This move saw the coin rise above key levels including the 50-day simple moving average (SMA) currently sitting at $0.43.

A daily candlestick close above the aforementioned level would suggest strength amongst the buyers and could be bolstered to push PRO higher to tag the 100-day SMA at $0.51 or the Thursday high above $0.55. If this happens, it would pave the way for the NFT project’s token to make a run for the major resistance at $0.66, embraced by the 200-day SMA.

PRO/USD Daily Chart

TradingView Chart: PRO/USD

Supporting the bullish case for Propy Coin is the position of the relative strength index (RSI) in the positive region. Its value of 69.8 painted near overbought conditions suggesting that there was still more room for the upside. Note that PRO’s upward movement will gain momentum once the RSI crosses the 70 line into the overbought zone.

Also validating the bullish thesis for the PRO price is the Direction Movement Index (DMI) which showed that the buyer’s grip on PRO was very firm. The positive directional line (+D1) at 46 was way above the negative directional (-D1) line at 9. This suggested that the uptrend was strong.

Also, note that the SuperTrend indicator had sent a call to buy Propy coin as seen on the daily chart. This happened on Thursday, December 22, when this chart overlay indicator turned from red to green and moved below the price, a sign that the market had flipped in favor of the bulls. As long as this trend-following indicator continues to close below the price, PRO is set to continue moving higher.

On the downside, the Propy coin price was facing stiff resistance from the 100-day and 200-day SMAs. Selling pressure from these zones could see PRO turn away from the current level toward the 50-day SMA at $0.43. Losing this foothold would mean that the bulls are unable to sustain the bullish momentum.

As such, the coin may drop further toward the $0.4 psychological level or lower to seek solace from the $0.35 support floor. Market participants could expect the Propy Coin price to take a breather here before kick-starting an uptrend.

Welcome The Christmas Spirit By Investing In These Crypto Projects

As the weekend ushers in the Christmas holidays, investors are looking for the most promising projects to venture in. Good for you! We have spared you the research. Here are two of the most promising cryptocurrencies.

FightOut (FGHT)

FightOut is a move-to-earn (M2E) platform that has raised up to $2.3 million in just a week since launching its public presale. Anyone that holds FightOut’s governance token FGHT gets access to a Web3 fitness app and gym chain, and will eventually be rewarded for leading an active lifestyle.

Investors looking to take advantage of the low-priced FGHT assets during the first stage of the presale should act now, while the project offers FGHT tokens at discounted prices of $0.016.

To make the FGHT presale tokens more enticing, FightOut has offered a token bonus determined by the initial investment and vesting period chosen. Accordingly, the highest possible bonus is 50%, which consists of up to 25% of the purchase amount and an extra 25% when opting for a vesting period of 24 months. Once FightOut raises $5 million, the bonus promotion will be removed.

📣 It’s official #FightOutCrew!
We reached another milestone – over $2M raised! 🔥
Buy now and get up to a 50% bonus with $FGHT!
Don’t miss out! 👊⬇️https://t.co/xwthuHJbBG pic.twitter.com/1lXXlwWG8l
— FightOut (@FightOut_) December 16, 2022

Based on the fact that $2 million was raised in just days, this 50% bonus offer could expire as soon as January 2023. Don’t miss out for any reason in the world!

Visit Fightout here

C+Charge

C+Charge is a new green token dedicated to reviving the Electric Vehicle (EV) market. It is an amazing peer-to-peer (P2P) payment and charging ecosystem for EV charging stations. The application will simplify and decentralize the EV market by leveraging blockchain and cryptocurrencies.

Based on the press release, the project aligns with the need to reduce carbon-based emissions to the environment and is committed to revolutionizing the crypto and electric vehicle sectors.

C+Charge allocates an electronic wallet to anyone who owns an electric vehicle. The wallet can be used to pay for charges at any global charging station. At the point of sale, the wallet holder pays for charging their EV using the C+Charge platform’s utility token, CCHG. They then earn carbon credits in the process.

Moreover, C+Charge tokenizes these carbon credits earned into NFTs, thereby offering the holder more value and utility while at the same time promoting the C+Charge brand.

The team behind the C+Charge project is running phase one of the CCHG presale now. The price will increase gradually, making NOW the ideal time to grab your CCHG tokens at a discount. Standing among the most promising new crypto coin launches, CCHG can book up to 30X returns upon launch.

Visit C+ Charge here

FightOut (FGHT) – Newest Move to Earn Project