US president Donald Trump inadvertently precipitated cannabis-focused altcoin PotCoin to leap 20 p.c after his summit with Kim Jong-un.
Rodman Showcases ‘Help’ — And PotCoin
In a curious first win for cryptocurrency as a direct consequence of the summit, PotCoin grew to become its unofficial sponsor after retired US basketball participant Dennis Rodman arrived to “give help” to the 2 leaders. Wrote Rodman on Twitter:
Because of my loyal sponsors from [PotCoin] and my workforce at [Prince Marketing Group], I might be flying to Singapore for the historic Summit. I’ll give no matter help is required to my buddies, Donald Trump and Marshall Kim Jong Un.
Because of my loyal sponsors from @potcoin and my workforce at @Prince_Mrketing , I might be flying to Singapore for the historic Summit. I'll give no matter help is required to my buddies, @realDonaldTrump and Marshall Kim Jong Un. pic.twitter.com/QGPZ8nPrBE
— Dennis Rodman (@dennisrodman) June eight, 2018
As Forbes notes, the star-turned-diplomat is on “good phrases” with each Trump and Kim, and arrived on the convention location of Singapore sporting a PotCoin T-Shirt.
“Peace begins in Singapore,” the shirt reads, whereas additionally sporting a PotCoin brand and token image.
Stunts Over Substance?
Rodman thus continues to signify PotCoin on a extra world stage. The “sponsorship” started final 12 months when the cryptocurrency paid for Rodman to journey to North Korea, throughout which he additionally wore merchandise.
PotCoin is among the cryptocurrency business’s oldest devoted tasks for hashish. Since its debut in 2014, it’s spent most of its life languishing at beneath one cent per coin — solely to blow up in January this 12 months to hit highs above $zero.40.
Since then, a dramatic correction has seen over 75 p.c of the altcoin’s worth disappear, with costs after the ‘Trump pump’ hitting simply in need of $zero.10 — with a market cap of $21 million.