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Ripple drops to 4th place on CMC - PacCoin takes 3rd

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To clarify what happened with PAC, after the $PAC redemption the circulating supply of PAC was reduced by a factor of 1000 and converted to $PAC, this also increased the value by a factor of 1000 from 0.00001xxx to 0.01xxx, CMC in their infinite wisdom updated the price but didn't update the circulating supply of coins keeping the old PAC figure and not the current $PAC one.

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31 minutes ago, ChavasRegal said:

To clarify what happened with PAC, after the $PAC redemption the circulating supply of PAC was reduced by a factor of 1000 and converted to $PAC, this also increased the value by a factor of 1000 from 0.00001xxx to 0.01xxx, CMC in their infinite wisdom updated the price but didn't update the circulating supply of coins keeping the old PAC figure and not the current $PAC one.

CMC is a bad apple, that much is sure.

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CMC is a bad apple, that much is sure.

CMC is not to blame, they just show some numbers. People who don't understand what a marketcap is should blame themselves for being ignorant.

 

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