The tale of cryptocurrency has always been one filled with fluctuations. The massive market decline in the last week was one very few anticipated after experiencing so much growth. The hit saw the entire cryptocurrency market valuation drop from about $800 billion to $460 billion.
As the major icon of cryptocurrency, a lot of attention was drawn towards Bitcoin recovering by more than 20% under 24 hours of dropping by 50%. However, there are other cryptocurrencies which have been recovering and thriving even after the massive flop all cryptocurrencies faced.
PACcoin (PAC); Potential Cryptocurrency Of The Month?
The position of PACcoin (PAC) on the cryptocurrency chart and its price has ensured some amazing developments of PACcoin go unnoticed. PAC has aside from recovering from last week, is having its best month since its creation in 2014.
PACcoin (PAC) has already recovered more than 50% of its lost value from the last week. PAC coin is on the steady rise, recording a 29% increase and a trading volume of $1.5 million in the last 24 hours. PACcoin is not the biggest currency but it has been remarkable in the last month.
Monero (XMR): Still To Reach The $500 Mark
For Monero (XMR), the market flop came at a very bad time; when the XMR was close to reaching to $500 apiece. The market setback has seen Monero drop more than 30% in the last seven days. Monero still maintains its number 14 position on the chart, with a with a market cap of $5.1 billion
Monero (XMR) is currently trading at $342 apiece. The $500 mark seems a bit distant for the XMR at the moment, but if there’s anything we have learned from the rise of cryptocurrencies is to expect the unexpectable.
Buying opportunity for PAC?
Unlike most other cryptocurrencies PACcoin (PAC) has been having a dream start to 2018. It may be valued at $0.00012 at the moment. But that’s not the whole story. In the closing week of 2017, the coin was trading at just $0.000004 apiece. The first weeks of 2018 saw PACcoin grow by more than 6,000% and being traded at $0.00027.
Even after a turbulent week for all cryptocurrencies, PACcoin (PAC)is already up over 40% in the last two days. The Rebranding of the PAC has really paid off, and it is ready for 2018. The question is, are you?
This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your own research and/or consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.