Blockchain and smart-contract technology nowadays expand their effect on the spheres like real estate. The most significant project in this industry is Propy — a blockchain platform that revolutionizes the way real estate agents and brokers deal with data and sales. Read our PRO price prediction and see if the asset has a positive outlook and is worth investing in.
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Propy Price Prediction: What Is Unique about PRO and How Do You Use Propy?
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Propy Fundamental Analysis
Project name
Propy
Stock Symbol
PROPY
Current Price
3.43
Current Supply
100000000
Propy is an automated real estate blockchain platform. It aims to change the world of real estate and introduces innovative technology for self-driven and completely online real estate transactions on smart contracts. Its vision is to make the real estate sales process fully automatic.
Propy’s solution automates all the deals, helping all the participants to make closing faster, easier, and more secure. Using the product brokers, agents and title companies can move to the paperless remote closing while also reducing the brokerages’ cost. It also offers increased security, as all the disclosures and documents are only accessible to the parties involved in the transaction.
The company designed a management panel for the instant offers processing and automatic offer share with the other sellers, and also a platform for the transactions that eliminates the need to use multiple services. Propy’s transaction checklists allow easy maintenance of all the sale-related documents.
Easy to use interface allows any company to implement the solution even if the employees don’t have a lot of tech experience. The creators of the project strongly believe in the inescapable tokenization of real estate and offer Crypto Real Estate certification to train new investors that includes tutorials about blockchain and smart contracts and the final exam to check the knowledge assessment.
Propy was founded by Natalia Karayaneva and Denitza Tyufekchieva who got frustrated because of the time-consuming and fraudulent real estate transactions.
PRO is a native ERC-20 token for the project. It has a total supply of 100 million coins with 73 million of them currently circulating.
Propy Live Price Chart
Like most of the assets on the crypto market, PRO experienced a massive pull off of the price starting from mid-May. The price maintained the level of $0.19 for about 2 months and started to gain value again at the beginning of August together with Bitcoin, Ether, and other major assets.
The new wave of the bullish run at the beginning of September has affected PRO as well. On September 9 the value surged from $0.34 to $0.69, went to the straight-away market correction, and then jumped to $0.93 and was bouncing around the same level till the second week of October when it started to gain the value as all of the crypto went up.
By 21 October PRO token price reached $2.2 and successfully sustained the position for the next week not going lower than $1.9. Massive price pull-off on October 31 caused the coin value to go down to $1.7 to skyrocket to $2.8 right the next day.
November was the most successful month for the asset as it managed to hit $3.8 on the 7th. The surge was temporary and the price steadily corrected, dropping to $3.0 on 14 November, to $2.3 on 18 November, and then to $1.8 on 24 November.
PRO price chart continued to decline till the beginning of December, reaching $1.2. It was followed by a temporary price jump to $2.2 and then continued with the downtrend.
Despite the bullish trends for the last 4 months, experts think that it was caused by this market segment’s popularity and doesn’t specifically mean the success of the project itself. Though most of the analysts believe PRO token price is poised to grow with time and consider it as a very good short and long period investment.
Propy Technical Analysis
Despite the fact that 100% accurate technical analysis for Propy cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated PROPY buy-and-sell rating for selected timeframe. The summary for PROPY/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Summary
As it can be clear from the analysis cited above, Propy (PROPY) projections are rather contradictory. There is no universal consensus either about positive or negative future PROPY price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Propy projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
