PACcoin (PAC) Is Rocketing: Here's What's Next - Global Coin Report
Connect with us

Bitcoin

PACcoin (PAC) Is Rocketing: Here’s What’s Next

Published

on

PAC image

PACcoin (PAC) has had an incredible start to the year in 2018. The coin was trading at just $0.000004 a piece on December 26, 2017. At its most recent close, this had risen to $0.00027. We are still talking way below one penny, but with a more than 6000% increase in a matter of weeks, this is very much want to watch at the moment.

PAC Daily Chart

PAC Daily Chart

The community behind it (and this one is very much community driven) is buzzing about the run (understandably so, they’ve seen their holdings soar by thousands of percentage points practically overnight) and there’s plenty to suggest that this could be just the start of a long-term reevaluation for the coin in question.

The question is, are these suggestions valid, or is this run just a temporary spike in an otherwise relatively low volume coin?

Let’s take a look.

By way of brief introduction, this one has a bit of an unusual past.

The coin was first started back in 2013 by William Corliss as the Pacifica Nation’s official coin. After a while, however, the project went dead and the coin essentially was left in limbo.

Around four years after it was launched (so, in 2017) a team picked it up and started putting some effort into a rebranding. The team behind the rebranding labeled it PacCoin, with the PAC standing for People’s Alternative Choice.

As outlined in the company’s brand guideline (available here), the team behind the coin now is one comprising marketers, developers and crypto enthusiasts and the tea is focused on its so-called four ‘C’s:

  1. Community
  2. Choice
  3. Content
  4. Charity

With a mission statement of building a strong community that is able to provide charitable solutions via content, media & alternative choices.

So, that’s the scoop on what this one’s all about – let’s get back to the nitty-gritty, can the coin continue to appreciate?

As per company communication, the community behind this one right now is in excess of 100,000, meaning that more than 100,000 individuals hold PAC at this moment (we’re assuming the team has measured this by way of a wallet count).

That’s not bad for a coin that carried a market capitalization of just $3 million this time last month.

And as far as we’re concerned, it’s all about how much this community can push beyond its current scope. The model that PAC seems to be employing is one that rewards community expansion, with an affiliate type model that rewards affiliates for bringing new users on board with PAC.

That’s a model that – as yet – is relatively untested in this space but that far from negates its potential efficacy. If you want growth, incentivize it.

And it’s based on this that we’re maintaining a bullish bias on PAC heading into early to mid-2018. The coin is picking up some momentum on the back of the recent run and we expect the increased attention that comes with the sort of activity we’ve seen over the last week or so to push the coin higher near term.

There’s always a chance, of course, and it’s one that anyone looking to pick up an exposure at current prices should consider, that we might see some degree of near-term correction on recent highs (indeed, we already have seen something of a correction, with PAC currently trading around 40% off Saturday highs at open market pricing early morning on Wednesday).

This is symptomatic of the shorter term operators pulling profits off the table as opposed to any longer-term reversal and could be a nice opportunity to pick up some cheap coins ahead of a turnaround.

As a near term catalyst (or two), keep an eye out for any fresh exchange listings. The company reportedly submitted applications to a number of majors at the end of last week.

We will be updating our subscribers as soon as we know more. For the latest on PAC, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of PAC

Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

Published

on

AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

Continue Reading

Altcoins

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

Published

on

WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

Continue Reading

Bitcoin

The Pros And Cons Of Cryptocurrency

Published

on

cryptocurrency

Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

You probably heard everyone raving about it a few years ago, but the excitement’s calmed down quite a bit. That doesn’t mean that it’s not a viable option you should keep in mind. 

What’s Cryptocurrency? 

Let’s start with the basic definition of cryptocurrency so we’re all on the same page. Cryptocurrency utilizes cryptographic methods and complex coding systems to encrypt sensitive information during data transfers. This protects your funds and personal information on a whole different level. 

These transactions are virtually impenetrable due to the combination of mathematical and technological protocols created and put in place. This aspect of cryptocurrency is what makes it safer. Also, the details of transactions are kept private. No one can see who sent what, etc., because those rigorous mathematical and technological protocols protect it.

The Pros: 

Different From Traditional Banking Transactions

One thing people hate about traditional banks is the fact that they can…

Continue Reading

Press Release