Altcoins

PotcoinBullish over Future Development Plans Surged 75%Last Week

Gola Yashu | February 25, 2015 | 9:51 am
Altcoins

PotcoinBullish over Future Development Plans Surged 75%Last Week

Gola Yashu | February 25, 2015 | 9:51 am

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.

Potcoin

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.

Tags: , , , , , , ,

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

Get the app

Featuring live charts, price analysis, breaking news, currency converter and more. The only bitcoin app you need!

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.