How to Buy PooCoin: Complete Guide to Invest in PooCoin

To the cryptocurrency community, PooCoin came in March of 2021 as a platform based on the BNB Chain.

Dogecoin is the inspiration for this cryptocurrency, which is why it is called Dogecoin 2.0. An attempt was made to ridicule and counter the term “shitcoin” by creating this platform. Why? Because it’s a platform where users can buy and sell low-cap currencies and meme coins—what some investors call “low-tier coins”—and monitor their prices.

Poocoin was developed to address the shortcomings of existing DEXs, particularly Uniswap and PancakeSwap, as stated on this site. They argue that this is due to the fact that these DEXs’ interfaces are now significantly slower than real-time.

Poocoin is able to swiftly update the price charts of big, tiny, or freshly appeared coins on the market using full data from the Tradingview platform, even when other sites have not yet updated or supported the chart. Investors can keep an eye on the number of holder wallets, trading volumes, and prices from that point on.

The insane concept behind this cryptocurrency’s brand, which takes its inspiration from the word “poo” (Poo), has been causing a stir in the cryptocurrency community ever since its introduction. Meme coins and other “dog-themed” currencies (Monacoin, Dogelon Mars, Shiba Inu, Banano coin, etc.) frequently use this “joke” concept.

It is well-known that initially, investors could only access token information on the BNB Chain blockchain on the Poocoin platform. Nevertheless, Poocoin has recently extended its reach to other platforms including Polygon (Matic) and Ethereum.

About Poocoin exchange

Pros and Cons of the PooCoin platform:

Pros:

• Offers a system for keeping tabs on low-cap coins and meme coins’ transaction data in a streamlined manner with frequent updates.
• Are able to research and verify the legitimacy of all new meme coins with the help of PooCoin.
• When you have 100-2,000 USD worth of PooCoin or BNB, you may access more specific information like tracking your wallet, seeing your transaction history, seeing which tokens are trending, etc.
• A straightforward interface that makes it easy to locate certain data.

Cons

• Investors face numerous risks because to the fluctuating price volatility of the PooCoin Token, which is a result of the platform’s youth.
• Only English is supported for searching and trading; there is no multilingual option.

 PooCoin Token Price History

One of the platform’s native tokens is the PooCoin Token. You can stake PooCoin for future free tokens, utilise it to control the PooCoin ecosystem, take part in PooCoin’s Launchpad activities, and earn PooCoin transaction fees.

There are 10,000,000,000 PooCoin Tokens in circulation. At the same time, there is an 8% cost for every use. Token holders receive half of the transaction fee, while the other half is used to buy back and destroy the currencies.

The PooCoin token’s value has changed dramatically due to a number of unforeseen factors over the years. The following chart can be used as a guide:

On April 20, 2021, the PooCoin Coin was initially listed for sale at a price of $2.85 per. Unexpectedly, investors were caught off guard when the price of PooCoin Coin unexpectedly skyrocketed to $38.02 on December 23, 2021, surpassing even the issuance price by a factor of thirteen.

But when it first came out, PooCoin Coin had a 24-hour liquidity of more than $1.9 million. On the other hand, liquidity has been steadily declining ever since. When Poocoin was worth more over $11, for instance, its liquidity was only about $177,000.

That PooCoin’s price increase has been so erratic is evident from this. After hitting a low of $0.16 in 2023, the price of PooCoin has been steadily declining ever since. The price has been steadily rising since the end of October, and it is presently trading at approximately $0.408. This is an 83% decrease from the initial listing price.

Cryptocurrencies like PooCoin have scared off potential investors due to their absurd ideas and negative connotations. But the truth is that PooCoin Token’s price has gone through moments of phenomenal increase, leading many to wonder: With PooCoin’s current low price, will it be worthwhile to acquire PooCoin Coin in 2024 in the hopes of making a killing?

One of the most crucial rules of investing, in my view, is to never put money into something you don’t really comprehend. But PooCoin and its token are mostly shrouded in mystery.

Launched in March of 2021 and still going strong today, it’s really tough to obtain helpful information regarding the platform when searching for this currency. You still don’t know if this is a hoax or not, thus investing in PooCoin Token carries a very high risk. I merely have this viewpoint. More recommendations from crypto market professionals would be a good idea for you to follow.

“There are currently thousands of cryptocurrencies and tokens in circulation with very strange names,” Susannah Streeter, a senior market analyst and investment at Hargreaves Lansdown, recently told The Sun. Traders should use caution when investing in items they aren’t well-versed in; PooCoin is just the most recent example of this trend.

“I suspect this token is backed by people who just want to have fun in the market, and anyone buying them should be prepared to lose money,” added Laith Khalaf, a financial analyst at AJ Bell. The reward from purchasing PooCoin can be quite low given the extreme volatility of cryptocurrencies and the sheer volume of cryptocurrencies available today.

As a rule, there is a significant chance that new coins may fail. If you’re looking to make a long-term investment in the cryptocurrency market, it’s wise to stick to the top ten coins like Bitcoin, Ethereum, Litecoin, XRP, BCH, etc. Trading platforms that enable leverage to minimise capital and amplify trading earnings are readily available for those who are worried about high pricing and lack of funds to access investments.

PooCoin vs Dogecoin

Dogecoin has been around for a while and was made as a joke on Reddit near the end of 2013. From the start of 2021 until the price spike in May of the same year, this cryptocurrency likewise had an unanticipated growth of more than 13,000%. At the same time, PooCoin borrowed an idea from Dogecoin; nevertheless, when compared side by side, is it truly the best option?

Although both PooCoin and Dogecoin are thought of as joke currencies, Dogecoin is actually showing far better performance when compared to PooCoin in terms of potential and fundamental attributes. Now let’s examine the table that compares these two coins:

A comparison of the prices of Dogecoin (Orange) and Poocoin (Blue):

It is clear that the PooCoin Token is not doing well and is not getting much support from the market, despite the fact that it is being likened to and touted as the next Dogecoin. As a result, you should exercise caution and give serious thought to your finances before opting to invest.

How to Buy PooCoin Token？

After linking your cryptocurrency wallet to the PooCoin App system, you will be able to begin trading PooCoin Token or any other Token on the PooCoin App website. Here are the detailed instructions for purchasing PooCoin Coin via the PooCoin app:

Step 1: Link your electronic wallet

To begin, go to https://poocoin.app/ and look for the Connect button on the right side of the page.

After that, choose the wallet type (e.g., Binance Chain Wallet, MetaMask, TrustWallet, WalletConnect, etc.) that you wish to link.

Last but not least, verify the wallet’s integration with the PooCoin app.

Step 2: Decide Which Coin to Purchase

Simply enter “PooCoin” into the search field to go to the page with all the information on this coin.

To purchase a coin, first choose it.

Step 3: Complete the Transaction to Purchase PooCoin Tokens

The Trade button may be found on the PooCoin comprehensive information page. The option to link the transaction with either the Pancake V1 or Pancake V2 trading platforms will be presented to you at that point.

When you trade on PancakeSwap, you’ll see a slippage % stated here. An additional 8% transaction fee will be charged to the buyer of PooCoin.

After that, select the cryptocurrency you wish to exchange and fill out the purchase quantity information. The PooCoin app will then take you to the next screen, where you may confirm the PooCoin token purchase agreement through the Pancake trading website.

Should you buy PooCoin Token in 2024?

Determining with certainty whether PooCoin can exist in the far future is quite challenging. From a significant standpoint, it’s evident that the PooCoin project has addressed some of the issues plaguing existing DEX platforms, like delayed pricing information or an absence of data regarding “shitcoins.”

Even if it’s a “shitcoin,” there’s still a big market for discovering unanticipated potential for growth in these coins. Hence, PooCoin might continue to be a worthwhile project that attracts interest from crypto fans in the not-too-distant future.

It is becoming more apparent, though, that PooCoin is fraught with uncertainty. The PooCoin team and whether or not this is a hoax are unknown, much like the coin’s absurd moniker. This has also been cautioned by other specialists.

Thus, I believe that additional time is required to closely monitor this platform and its future performance.

Conclusion

The prior article covers all the most recent updates regarding PooCoin, its functionality, and the PooCoin token’s price performance. In addition to outlining the current price movement of the PooCoin Token, the post makes the danger caution regarding this still-young coin quite obvious. You are free to choose whether or not to put your money into the PooCoin Token.

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BTCC Guide:

• How to Trade Crypto Futures Contracts on BTCC
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• What is Crypto Futures Trading – Beginner’s Guide
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• BTCC Review 2024: Best Crypto Futures Exchange

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