What is paccoin how it is number 3 in coinmarketcap

randythered

full member

Activity: 434

Merit: 103

Quote from: themistocleess on March 09, 2018, 01:24:03 PM

i am also very surprised to see this coin in number 3, and still wondering and searching the problem, it is just temporary i guess

Quote from: xireKT on March 09, 2018, 01:24:41 PM

As I mentioned in another forum thread, it's a visual and info bug.

If you see my above post and also the guys post below that you can understand what happened. There are also some articles on it. Supply was decreased by a factor of 100 but this wasn't reflected on CMC at the time of it being no 3.

https://www.express.co.uk/finance/city/929643/PacCoin-coin-price-coinmarketcap-reddit-Cryptocurrency-news-latest

xireKT

jr. member

Activity: 152

Merit: 1

As I mentioned in another forum thread, it's a visual and info bug.

themistocleess

jr. member

Activity: 392

Merit: 2

📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

i am also very surprised to see this coin in number 3, and still wondering and searching the problem, it is just temporary i guess

Muhammad Muneeb

full member

Activity: 644

Merit: 101

📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

Quote from: niisarearning on March 09, 2018, 12:38:53 PM

What’s happening after via now pac in cryptopia and yobit already reached 3 rd position in coinmarketcap . What’s really happening.

it is because cmc using the pac coin's old supply which is now reduced to 3 billion .. now cmc multiplying the old supply with the new price which is much higher than the old one..

randythered

full member

Activity: 434

Merit: 103

My speculation as to what's happening is this. The price was previously 1 satoshi but it was announced that the supply would be greatly reduced, people would trade in I think 10 pacc for 1 in an attempt to increase the price, it might have been even more than a factor of 10. My guess is that this has happened and that's why the price has increased but the total supply has not been changed and so it's using the new price with the old supply and that's why it's so huge.

ezeekiell

newbie

Activity: 176

Merit: 0

Because is a scam coin xD.

rbt

full member

Activity: 266

Merit: 101

The same thing happened last week with another coin - Global Jobcoin was suddenly 3700% up. The PACcoin volume in the last 24 hours is only $383K USD and it`s traded only on Cryptopia and YoBit... so it`s not very hard to draw a conclusion Wink

brainitterem

newbie

Activity: 192

Merit: 0

i see supply of this coin is 2 trillions of coins and 1 coin is 1 cent, so thats why all marketcap is top3 . Its strange that this coin got so big supply lol.

niisarearning

sr. member

Activity: 910

Merit: 252

Quote from: kolesozw on March 09, 2018, 12:46:30 PM

Quote from: niisarearning on March 09, 2018, 12:38:53 PM

What’s happening after via now packing in cryptopia and yobit already reached 3 rd position in coinmarketcap . What’s really happening.

PAC is very old and almost useless SHA256 alt. One of the first back then.

I think it's a glitch or very temporary pump, because it's still have a daily volume of $375,967 USD.

Got answer from redit: CMC is apparently using the old pac circulation as the multiplier -- this is incorrect. Trying to get this posted in other places to avoid any confusion.

This was just brought to our attention.
Thanks for your answer kolesozw
I think bitcointalk becoming the place more shit posters . Still trying to grab signature posts . No body cares about the current scenario .

Imfinnabeon

full member

Activity: 238

Merit: 101

Decentralize The $15-Trillion Global Trade Industr

Quote from: kolesozw on March 09, 2018, 12:46:30 PM

Quote from: niisarearning on March 09, 2018, 12:38:53 PM

What’s happening after via now packing in cryptopia and yobit already reached 3 rd position in coinmarketcap . What’s really happening.

PAC is very old and almost useless SHA256 alt. One of the first back then.

I think it's a glitch or very temporary pump, because it's still have a daily volume of $375,967 USD.

I hope for some people it is a glitch but my goodness what a pump for one day! Anybody got the % on that bad boy, that is absurdly high!

kolesozw

legendary

Activity: 1316

Merit: 1004

FRX: Ferocious Alpha

Quote from: niisarearning on March 09, 2018, 12:38:53 PM

What’s happening after via now packing in cryptopia and yobit already reached 3 rd position in coinmarketcap . What’s really happening.

PAC is very old and almost useless SHA256 alt. One of the first back then.

I think it's a glitch or very temporary pump, because it's still have a daily volume of $375,967 USD.

niisarearning

sr. member

Activity: 910

Merit: 252

What’s happening after via now pac in cryptopia and yobit already reached 3 rd position in coinmarketcap . What’s really happening.

Topic: What is paccoin how it is number 3 in coinmarketcap (Read 123 times)