News of Paycoin (PCI) - July 2024 Price Update - 21.68% Breakout Crypto News and Analysis

On July 15th, 2024, the cryptocurrency market witnessed an impressive breakout as Paycoin (PCI) surged by 21.68%, reaching a price of $0.1476. This significant price movement has caught the attention of investors and analysts alike, marking a pivotal moment for the cryptocurrency. Paycoin, a project known for its blockchainbased payment platform, has been making waves with its recent developments. This article delves into the factors contributing to this breakout and what it means for the future of Paycoin. On July 15, 2024, Paycoin (PCI) experienced a significant breakout, with its price surging by 21.68% to reach $0.1476. This remarkable increase was driven by two primary factors that have considerably bolstered the token's market position and visibility. Let's delve into these reasons and their impacts on Paycoin's recent breakout, supplemented by visual evidence for a comprehensive understanding.

Onboarded as Community Partner for Stellar Indiathon: PayCoinCapital's new role as a Community Partner for the Stellar Indiathon, held from June 1416, introduced the cryptocurrency to a wider audience. The event, featuring networking opportunities and challenges with a $5000 prize pool, significantly enhanced Paycoin's visibility and credibility within the blockchain community.

Relisting on Bithumb Exchange: The relisting of Paycoin on the Bithumb exchange played a crucial role in its recent price surge. This relisting not only expanded Paycoin's reach to a broader user base but also reinstated trust and credibility among investors. The increased accessibility and the enriched trading environment on Bithumb significantly contributed to the token's adoption and market performance.

These strategic moves have collectively positioned Paycoin for a promising future, enhancing its market presence and paving the way for further adoption and use case development. As Paycoin continues to expand its ecosystem and forge new partnerships, it is poised to make significant strides in the cryptocurrency landscape. In summary, Paycoin's (PCI) recent 21.68% breakout is attributed to its strategic partnerships and relisting on major exchanges. These developments have not only boosted the token's credibility but also expanded its user base and potential use cases. As always, conducting thorough research (DYOR) is essential to navigate the complexities of the cryptocurrency market effectively.

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Trade hard. Joy is coming

Explore the Core.

Paycoin payment service was first launched in S.Korea in 2019. Users can use Paycoin (PCI) to purchase goods and services from Paycoin's merchant network. By September 2021, Paycoin has reportedly onboarded more than 70,000 merchants including 7-Eleven, Domino's Pizza, KFC, and 2 million registered users, generating more than 10 million USD payment transactions.

Spot the Main Event:

They are thrilled to announce our listing in Korbit Exchange. Korbit Exchange is one of few exchanges where users can buy and sell cryptocurrency with KRW. With Korbit Exchange, users can get better access to PCI token.

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To God be the Glory

Explore the Core.

PayProtocol is a simple and convenient cryptocurrency payment platform for both e-commerce and retail use. It is a cryptocurrency project supported by Danal, a payment company based in South Korea.

Spot the Main Event:

Starting on July 15th, 2024, you will be able to trade Paycoin (PCI) again on the Bithumb exchange! With the reasons for the termination of Paycoin trading support fully resolved, we are proud to stand once again before our domestic Paycoin users. This relisting on Bithumb will provide Paycoin users with a richer and more diverse trading environment. The Paycoin (PCI) ecosystem is expected to expand more broadly, leading to the growth of the user base and the emergence of more diverse use cases.

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Explore the Core.

Paycoin was a hybrid cryptocurrency that utilized concepts from both proof-of-stake and permissioned distributed ledger systems, rather than a standard proof-of-stake system as it was marketed. The developers had enumerated certain network addresses within the code to grant those users disproportionately large rewards, indicating the developers had a strong profit motive and could benefit at the expense of normal users. This was an example of developers fraudulently misrepresenting the software and creating an unhealthy link between network profits and development. Paycoin was not a truly decentralized cryptocurrency network, as the developers maintained significant control and the ability to profit disproportionately from the system.

Spot the Main Event:

On the 15th of July,2024 the team announced it token got relisted on Bithumb exchange,this is a significant stride for the project. The listing forstered the adoption of the token because it boosted the projects integrity, compelling investors to trust in their assets to the project.

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Explore the Core.

PayProtocol is a simple and convenient cryptocurrency payment platform for both e-commerce and retail use. It is a cryptocurrency project supported by Danal, a payment company based in South Korea.

Spot the Main Event:

They team just announced that starting on July 15th, 2024, user will be able to trade Paycoin (PCI) again on the Bithumb exchange!With the reasons for the termination of Paycoin trading support fully resolved, they are proud to stand once again before our domestic Paycoin users. This relisting on Bithumb will provide Paycoin users with a richer and more diverse trading environment. The Paycoin (PCI) ecosystem is expected to expand more broadly, leading to the growth of the user base and the emergence of more diverse use cases.

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Student

Explore the Core.

They’re a virtual assets payment platform for both e-commerce and retail use.

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The pump could’ve been triggered by the market being in an uptrend and also their relisting on bithumb, investors could’ve seen the project as something worth fighting for and holding since they fight to get back

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Professional Author and Crypto Trader

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Paycoin is a Web3 Project that claims to be the world's Most viable end-to-end Crypto payment Platform. It's a project that was launched in the year 2019 in South Korea. So far, They've been able to bring Onboard Over 3,000,000 users and have cooperated with top merchants like KFC, Domino's Pizza, and 7-eleven, amounting to 130k+ Partners. which has been used as a Platform to transact $10M plus.

Spot the Main Event:

A possible reason for the current increase in the price of the token is them Being relisted on Bithumb exchange platform. This is because the new listing helps them reach out to more users, introducing them to their exclusive Services.

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Overview

Paycoin is a cryptocurrency project launched in 2019 in South Korea, aiming to revolutionize the payment landscape by providing a fast, secure, and lowcost transaction platform for both merchants and users. Supported by Danal, a prominent payment company, Paycoin's mission is to bridge the gap between cryptocurrency and everyday transactions, making it a viable option for realworld purchases. With over 3 million users and partnerships with major brands like KFC, Domino's Pizza, and 7Eleven, Paycoin stands out in the crowded market by focusing on practical, everyday use cases.

Key Features

Fast and Affordable Payments: Paycoin offers a costeffective alternative to traditional credit card transactions, ensuring quick and lowfee payments. Wide Merchant Network: Over 130,000 merchants, including major brands, accept Paycoin, making it highly usable for everyday purchases. UserFriendly Mobile Wallet: The platform provides a simple and convenient mobile wallet, enhancing user experience and encouraging broader adoption. Seamless Integration: Paycoin can be easily integrated with existing pointofsale systems, allowing merchants to accept cryptocurrency without significant modifications. Borderless Transactions: Facilitates international payments with lower fees, leveraging the borderless nature of cryptocurrency.

Recent Developments

Exchange Listings: Paycoin has been relisted on Bithumb, Coinone, and Korbit exchanges, increasing its accessibility and market presence. Community Partnerships: Recently partnered with OnboardingClub as a Community Partner for the Aptos Code Jam India Tour, involving 5 events across 5 cities with $500k in prizes. Circulation Supply Disclosure: Announced updates on PCI circulation supply, reflecting transparency in operations.

Market Impact

Increased Accessibility: Recent exchange listings on Bithumb, Coinone, and Korbit are likely to boost user adoption and trading volume. Enhanced Visibility: Partnerships and community events, such as the Aptos Code Jam India Tour, enhance Paycoin's visibility and credibility in the market. User Adoption: With a growing user base and extensive merchant network, Paycoin is wellpositioned to capture a significant share of the cryptocurrency payment market.

Risks and Opportunities

Risks: Centralization Concerns: Past issues with disproportionate rewards to certain network addresses raise concerns about centralization and developer control. Community Engagement: Limited recent activity and language barriers in community channels could hinder broader engagement and support. Opportunities: Market Expansion: Continued partnerships and exchange listings can drive further adoption and market penetration. Technological Advancements: Improvements in blockchain technology and scalability can enhance Paycoin's functionality and appeal.

Community Engagement

Community Size and Activity: Paycoin boasts a dedicated community, although recent engagement appears limited. The primary community chat is in Korean, which may restrict broader participation. Engagement Strategies: The project has utilized airdrops and partnerships to promote adoption, but there is a need for more consistent and inclusive communication channels.

Conclusion

Paycoin presents a compelling case for traders with its strong merchant network, userfriendly platform, and recent exchange listings. However, potential investors should be mindful of past centralization issues and the need for improved community engagement. Overall, Paycoin's innovative approach to DeFi and its growing market presence make it a noteworthy contender in the cryptocurrency payment space.

Considerations for Traders: Positive Indicators: Strong merchant partnerships, recent exchange listings, and a growing user base. Cautionary Notes: Past centralization concerns and limited recent community activity. Investment Potential: Paycoin's practical use cases and market expansion efforts suggest promising growth prospects, making it a viable option for investment.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.