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3232How Did Marijuana Coins React to 4/20?
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Sun, 22 Apr 2018 20:00:00 +0000https://www.digit.info/2018/04/22/how-did-marijuana-coins-react-to-4-20/Read more]]>Every year, marijuana coins receive the spotlight as speculators and spectators look to see how markets fluctuate in response to April 20. These coins, which include PotCoin (POT), CannabisCoin (CANN), and HempCoin (THC), have historically seen large volumes in response to the date colloquially known as “420 Day”. Unfortunately, 2018’s April 20 was a difficult day for marijuana coins across the board. On the same day that Bitcoin (BTC) appreciated by 7%, and cryptocurrency as a whole saw growth of about 13%, those three coins saw price losses averaging close to 10%. All three coins continued to drop the following day, with POT down 4%, CANN
Every year, marijuana coins receive the spotlight as speculators and spectators look to see how markets fluctuate in response to April 20. These coins, which include PotCoin (POT), CannabisCoin (CANN), and HempCoin (THC), have historically seen large volumes in response to the date colloquially known as “420 Day”. Unfortunately, 2018’s April 20 was a difficult day for marijuana coins across the board. On the same day that Bitcoin (BTC) appreciated by 7%, and cryptocurrency as a whole saw growth of about 13%, those three coins saw price losses averaging close to 10%. All three coins continued to drop the following day, with POT down 4%, CANN