As a seasoned researcher with extensive experience in the cryptocurrency market, I’ve kept a close eye on the recent developments in the altcoin landscape. Today, I’m particularly intrigued by the significant price surge of Paycoin (PCI), which has gained 25% in one day and 87.5% over the past week.
As an analyst, I’ve noticed an impressive 25% increase in Paycoin (PCI) price today, bringing it up to $0.16. While the broader cryptocurrency market is showing signs of recovery, Paycoin has particularly caught my attention. Over the past week, PCI has experienced a significant gain of 87.5%. Two primary factors have contributed to this recent surge in Paycoin’s price.
Bithumb Announces Paycoin Listing on KRW Market
As a crypto investor, I received exciting news from Bithumb today. They announced the upcoming listing of Paycoin on their exchange, which will only be accessible through the Won Market. Deposits for this cryptocurrency can only be made via the Paycoin network.
Starting on July 15, 2024, from 5:00 PM to 6:00 PM KST, deposits can be made. However, please note that the initiation of trading and withdrawals will be postponed because of an asset key modification. Bithumb will keep users informed about any changes to the schedule through further announcements.
Beginning at a starting price of 166 won, Paycoin cryptocurrency trades will commence on the widely-used Bithumb exchange in South Korea. This listing on Bithumb is significant as it brings a substantial influx of liquidity to Paycoin.
페이코인(#PCI) 원화 마켓 추가 안내
New Listing : $PCI will be added to the KRW market today.
For more details #bithumb #Listing #KRWmarket #Paycoin @payprotocol
— Bithumb (@BithumbOfficial) July 15, 2024
As a researcher, I’ve recently come across an exciting development in the cryptocurrency world. Within the past week, the crypto exchange Bithumb announced the listing of TAIKO, an Ethereum Layer-2 project that has gained the support of Vitalik Buterin. This marks a significant milestone for TAIKO as it continues to gain traction in the blockchain community.
As a financial analyst, I would describe the Paycoin project in this way: I use Paycoin to transact in digital assets for various products and services in the real world. Merchants accepting Paycoin enjoy swift settlements and reduced transaction fees compared to conventional payment methods. This platform provides a comprehensive payment solution that bridges the gap between users and merchants, employing blockchain-technology and smart contracts as well as virtual asset circulation structures.
Introduced for the first time in South Korea in the year 2019, the Paycoin payment system has successfully registered more than one hundred thousand merchants as users. Some notable brands among them are Domino’s, KFC, and 7-Eleven.
South Korea’s Tax Relief Provides A Catalyst
As a researcher studying the cryptocurrency market, I’ve identified another significant factor contributing to today’s surge in Paycoin price. The South Korean government’s potential delay in implementing crypto taxes for another three years is a noteworthy development. Given that South Korea is known for its high trading volume in cryptocurrencies, this decision could bring about a substantial influx of liquidity within the market.
In simpler terms, the advancement would bring about considerable advantages for cryptocurrencies such as Paycoin, resulting in increased usage and transactions.
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2024-07-15 15:24