As a seasoned crypto investor with a few years of experience under my belt, I’ve witnessed my fair share of price surges and relistings in the cryptocurrency market. However, the recent 80% increase in Paycoin (PCI) within a week has caught my attention for several reasons.
In the past week, the value of Paycoin, a widely recognized cryptocurrency, has soared by approximately 80% following its reappearance on notable Korean digital asset trading platforms.
Currently, the cost of Paycoin (PCI) has surged past 80%, peaking at $0.207 based on the information from CoinGecko. The market capitalization now stands at a substantial $224 million, while its 24-hour trading volume has escalated up to $25 million.
After being listed again on prominent cryptocurrency exchanges such as Korbit and Coinone, Paycoin has experienced a significant increase in price.
Today, Bithumb announced that Paycoin has been added to its listings. This cryptocurrency can be traded exclusively in the Won Market, with users able to make deposits through the Paycoin network.
The deposit window on Bithumb is set to commence on July 15, 2024, from 5:00 to 6:00 PM (Korean Standard Time). However, due to a modification in the asset key, trading and withdrawals will no longer start immediately as originally intended. Instead, Bithumb will keep users informed of the revised schedule through upcoming notifications.
Starting from a base price of 166 won on Bithumb, Paycoin is expected to see significant liquidity upon listing due to strong investor demand. The recent 80% price surge in just one week is a clear indication of the market’s enthusiasm for this digital asset.
After overcoming previous compliance issues and securing necessary regulatory approvals, Paycoin is once again available for trading. This development instills greater trust and confidence among investors regarding the authenticity and profitability prospects of the digital token.
The potential postponement of crypto taxes by the South Korean government for another three years is significantly contributing to the recent surge in Paycoin’s price. This decision could result in a substantial influx of funds into the market, making South Korea, which is known for its high cryptocurrency trading volume, an even more attractive destination for investors.
Paycoin simplifies the process of conducting digital asset transactions, offering swift settlements and competitive fees, all made possible through blockchain smart contracts. Debuted in South Korea in the year 2019, it has successfully registered over 100,000 merchants such as Domino’s, KFC, and 7-Eleven.
Mobillet, a Japanese fintech company, recently introduced the Paycoin Global App for seamless international transactions using their digital currency PCI (Paycoin). Commencing operations in Japan this month, they prioritize adhering to regulations and forging strategic partnerships.
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2024-07-15 19:16