PotCoin (POT): Banking and Marijuana Industry Collide

Just like a little more familiar CannabisCoin, PotCoin represents a blockchain based crypto value with a peer-to-peer function that allows users of this digital coin to make transactions, exchange value and interact. But, what is PotCoin precisely, how does it stand at the moment when compared to similar coins, and is this digital coin here to stay?

PotCoin and Everything you Need to Know about POT

PotCoin was launched on January 2014, almost four years ago and was at first made to be similar to the way LiteCoin works, but later on, creators have switched to what they thought was more functional mode, so PotCoin started to operate supported by POSV, which made it work like Reddcoin.

Just like all other cryptocurrencies, PotCoin was made to work as a decentralized mechanism based on blockchain technology so that all the users would be able to acquire full transparency of their own transactions. All transactions and value exchanges would be done and processed only between the two parties involved, without having a third party.

With the primary cause in the form of supporting recreational weed, this digital coin managed to draw the attention of mainstream informational services such as Vice and Fox Business already a couple of months after PotCoin was launched. Along the way, PotCoin acquired mainstream status in the world of numerous cryptocurrencies with different ideas and purposes behind their existence.

As PotCoin was there to support legal actions related to the weed industry, this coin received a lot of attention from the moment it was launched. The mining pool availability doubled after only a couple of months. Several partnerships acquired by PotCoin creators helped this coin by keeping it alive and working, still collecting spoils from its popularity and status of a fast-growing mainstream digital coin.

The coin kept gaining on increases in price, soon becoming one of the most promising coins. Everything was going pretty smoothly for this coin up till 2015 when this coin started losing on its monetary value. The reason for this horrible downfall was the breakup of the original development team that broke up for reasons unknown. To try and save PotCoin, PotLabs took over and started working on the coin with the idea of making it work faster and making it more reliable. That is when PotCoin started to work on POSV.

Lots of users had their wallets frozen at the time, and everyone was eager to see what would happen next. Luckily for PotCoin and all devoted users, everything got back to normal, and PotCoin continued to be used as it was before, being kept alive even today after two years from getting a “near death” experience.

How is PotCoin Doing Now?

After almost four years from being originally launched, PotCoin still exists as a functional and often used coin. Now with the legalization of recreational weed in California, which occurred on the first day of the new 2018, it was expected that the value of coins like CannabisCoin and PotCoin would jump up.

Today, PotCoin’s value is 0.3$ per one coin, which is the final price after the recent decrease of -12.12%. At the moment the total market cap of PotCoin is 69.1 million dollars with over 219 million of PotCoin tokens circulating freely. Even though this coin had a minor crash, it is still considered to be very strong.

PotCoin is relying on the fact backed up with statistics that almost 60% Americans would vote in favor of having weed legalized in every state in the United States of America. If that were to happen, and if marijuana was legalized in all states following examples of Colorado and California, PotCoin would undoubtedly experience significant growth in price as well as an essential gain in popularity.

PotCoin has managed to stay alive for all these years thanks to the faithful community that appreciates the chance they are given to be able to make fats transactions that are cost-effective and economic, and are still the safest and most secure way of making your transactions promptly at very low fees and via decentralized technology where your transactions are not being monitored but are done solely between the two parties of which both agreed on making a transaction. Given that there is a massive potential than more than just several states would follow the example of California’s recent proclamation that made recreational weed legal, consequently there is room for assuming that PotCoin will stay in circulation for the time to come.

Investing in PotCoin

Even if you are not into recreational weed or into legalizing cannabis for recreational purposes, you can still invest in PotCoin if you find it potentially successful and if you believe that this coin can live up to expectations of reaching more than 0.3$ per one unit. It is predicted that in a couple of months, PotCoin along with a couple of promising coins like CannabisCoin that deals with the same purpose, as well as coins like TRON or FUN that has nothing to do with weed, is to experience several increases in price. If the predictions are correct and if 2018 will be the year of cryptocurrencies, investing in PotCoin could lead to a very profitable investment.

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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.

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