Hey Everybody,
Continuing the theme for seemingly small alt coins that have had an astronomical rise since the turn of the year I decided to have a look at PacCoin. I've seen some theories that the trade for this coin was the straw that broke the camels back for Cryptopia's DOGE and LTC base markets (see my recent posts on Cryptopia.co.nz).
The market cap for this coin has seen it enter coinmarketcaps top 100, currently happily sitting at number 56. So what gives if you coin is only currently trading at between 1 and 2 btc satoshi's ? Well the circulating supply is massive, in fact it's number 1 for circulating supply out of any coin currently listed on coinmarketcap.com
Should this put you off ? I'd say probably not, the coin seems to have a great set of devs behind it, it's got a POS wallet that is supported across multiple platforms, nice web design and seemingly good plans going forward.
I've bought a million at the current price, will stake using their wallet and hold for a 7% - 9% reward and see where the coin goes after that.
Seems like a small risk for a coin that could have a good future.
Thanks