Many think this coin is nothing however that is quite the contrary. PASC is a unique, one of a kind blockchain that is all original and not a clone of anything else. It is written in free pascal which is a unique programming language. I myself am not a coder so feel free to join their slack if you wish to discuss the benefits/cons. Now Pascal was listed on Poloniex in January and was the leader in the altcoin rally this year. Despite what people say about Poloniex, it is still equal to volume
now on Bittrex as well as they have not added anything bad for the past 2 years. All of their shitcoins were from 3-4 years ago and they have been delisting them as time goes on. Pascal was not added for a single pump and dump, even though thats what it looks like. Remember the coin is only a little over a year old, and did not have an ICO
or a premine and considering the liquidity and volume
of it, its not easy getting a good distribution, it will take time and it mainly done via mining. Now Pascal has many merits that aren't found anywhere, such as the fastest transaction speed currently as well as a deletable blockchain that enables literally infinite scaling. These two main points are serious business and shouldnt be taken lightly. There is many things going on in the background coming soon and all can be discussed on their slack.
Now what we see in their chart is a long ABC
correction. This chart is quite interesting because what it looks like from afar is the classic huge dropdown from a Poloniex add and it did have some rediculous buys and sells from the listing off the bat but that was barely any volume
. Pascal had a classic elliot
12345 pump with significant volume
and liquidity for a period of roughly 60 hours. When we zoom in on a 4hr chart, it shows itself very well as seen here.
Now Pascal has been in a long ABC
correction, which most of the alts have been due to the recent BTC
rally taking all the volume
. Pascal did however on the PASC/USD charts double top
in USD value and was just not ready to create a new cycle, as seen here.
Honestly, considering how illiquid the books are and how low the coin supply and how legit the project is with actual developers and progress and innovation that is unique and NOT a clone like everything else, as well as considering Poloniex has added them recently side by side with pretty much top notch projects in the same timeframe like (Stratis, Golem, Civic, 0x, DCR, these are the types of coins Poloniex adds, not shitcoins), Pascal has some real promise as to where it can go in the next cycle. If we follow the classic 4.72 rule as commonly seen in Crypto, we get targets of roughly 0.007 BTC
which is an insane risk/reward here