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PotCoin Fundamental Analysis
PotCoin is a cryptocurrency that is gaining popularity by leaps and bounds for being linked to the cannabis industry. The intention of the team from the beginning was to become the first currency used massively when cannabis is finally legalized. Technically, PotCoin used almost the same parameters as Litecoin. At a certain point, the developers decided to change its structure and data to move away from the preceding coin and transform it into something more similar to the Reddcoin cryptocurrency. PotCoin reached the vast media attention shortly after its launch and had experienced a record increase in its price in just a few years of existence but also, unsurprisingly, a huge crash. Once things settled for this coin after the hit in mid-2014, it suffered another major setback, and the development team disbanded. It had to be replaced by a group of people called PotLabs (that had been helping the development of cryptocurrency since the early days), taking over and starting to steer future developments of the coin. The project has two important aspects: it is integrated into the transaction system of the largest marijuana grower and dispensary in Canada, thus giving it greater support from the industry. And also, patients under medical treatment with cannabis-related products receive free POT after verifying their prescriptions. In addition, PotCoin regularly holds charity events and donates to the community everything that organizations donate to help legalize the use and consumption of cannabis. It has gathered a lot of interest from the press in its beginning. This is largely due to its unique purpose, interesting marketing mechanisms, integration with real-world entities like dispensaries, etc.
PotCoin Live Price Chart
PotCoin Technical Analysis
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