Cannabis based cryptocurrency Potcoin had an impressive week in the USD markets, where its climbed around 75% amid a notable buying volume.
Price Movements throughout Last Week
As you can see the CoinGecko chart below, the POT/USD closed at 0.00117 on Feb 18th last week, after crashing from its intra-week peak level of 0.00137. The aforesaid closing point acted as a strong support to influence another rally, and price once again began to trend upwards during next days. There was a little resistance in between the Feb 20th and 22nd trading sessions, probably due to the early exits. The market therefore slumped a little towards the prevailing support level at 0.00117.
But in last few days, Potcoin seems to have been retaining its bullish momentum and has surged to 0.00127. At press time, the price is testing the previous peak near 0.00137 — a point where a huge selling pressure awaits.
Potcoin 3.0 Announced
The 75% rally throughout last week could be credited to a new development plan, introduced by Potcoin developer Russ Thomas recently.
“There will be a PotCoin 3.0 and it will be based on core principles, as follows: Transparency; Collaboration; Community; Decentralization; Empowerment; Support; [and] Shared Gains,” he stated on Reddit.
Thomas meanwhile revealed the development timeline to Potcoin followers that will be effective February 27th with a detailed public announcement. The event will be followed by plan authorization on March 2nd, public review by March 9th, and ultimately the response from MED on the use of Potcoin for purchasing medical marijuana by March 15th.
Potcoin team has also launched a new marketing campaign to attract more and more cryptocurrency fanatics to their community.
