Has any one heard of Paccoin? Is it worth it? I’m interested abc looking for feedback on Paccoin.
I bought some on a bit of a whim when I was first exploring crypto a few months back - not much, just about $50 worth. That's now worth around $3000.
Why the sudden rise? The coin has been around for ages and has a massive supply of over 3 trillion, so it seems relatively cheap as the market cap remains pretty low (although it's over 150 million now - not bad considering it was less than 10 million when I bought it), but last year a new dev team came in and started to revamp the coin. It's now on the way to having its supply reduced to 3 billion via a trade in scheme occuring in march, and a white paper with the new direction is going to be launched in Feb.
All in all I reckon it's a good time to get it - it has momentum and a fresh team looking after it. It went up over 600,000% last year despite very limited information on this new direction, so once it's all out in the open it could well go further this year. That said, this is crypto so it could also go to zero. Just don't bet your house either way...