Altcoins
This surprise altcoin is part of the South Korean giants list: Flying!
While the widest cryptocurrency The market has rebounded strongly, but one altcoin in particular stands out. The token’s price has increased by almost 30% today. Moreover, this surge has also seen a significant increase over the past week. In particular, the listing of Bithumb, South Korea’s leading cryptocurrency exchange, played a significant role in today’s price increase.
Bithumb Announces Paycoin Listing, Altcoin Price Takes Off!
Earlier today, cryptocurrency exchange Bithumb has shared details regarding the listing of the Paycoin cryptocurrency on its platform. The cryptocurrency will only be available on the Won market and will only support deposits made via the Paycoin network. Deposits will be available on July 15, 2024, between 5:00 PM and 6:00 PM. However, the start of trading and withdrawals will be delayed due to the change in the asset key. The cryptocurrency exchange also plans to inform users of the revised schedule through subsequent notifications.
Trading of the Paycoin The cryptocurrency on the Bithumb exchange will start with an initial base price of 166 won. Bithumb is one of the most popular cryptocurrency trading platforms in South Korea. Therefore, Paycoin’s first listing on the exchange is expected to provide huge liquidity to the cryptocurrency. Following the announcement of Bithumb’s listing, the altcoin’s price experienced a vertical ascent. PCI jumped sharply from its intraday level of $0.1116 to $0.1589. After that, the altcoin lost some altitude but continued its flight. At the time of writing, PCI was changing hands at $0.1497, up 26.84% on a daily basis. Moreover, the token extended its weekly gain to nearly 79%.
PCI price charts included. Information on CoinMarketCap
Paycoin has recruited more than 100,000 traders
As you have been following him since Kriptokoin.comBithumb recently listed TAIKO, the Ethereum Layer-2 project backed by Vitalik Buterin. Paycoin’s listing took place a week after that. Paycoin allows users to launch various products and services in real life using digital assets. Traders who use Paycoin enjoy fast payments and lower transaction fees compared to traditional payment services.
The platform offers an end-to-end payment solution that directly connects users and merchants using blockchain-based smart contracts and virtual asset circulation structures. First launched in South Korea in 2019, the Paycoin The payment platform has already signed up more than 100,000 merchants, including Domino’s, KFC, 7-Eleven and other leading players.
South Korea’s Tax Cut Is a Catalyst for Cryptocurrencies
Another major catalyst for Paycoin’s price rally today is that the South Korean government is considering postponing the implementation of the cryptocurrency tax for another three years. With South Korea being one of the most active cryptocurrency markets, this move is expected to provide strong liquidity to the market. Thus, cryptocurrencies like Paycoin and others will benefit greatly from this development.
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