Ana Sullivan

Pura (PURA) Coin – Will It Keep Crashing Down After the Rapid 69 Percent Price Spike?

by Ana Sullivan June 8, 2018

Pura is an international digital currency that liberates you to transact with anyone in the world directly, privately and instantly, making your life cheaper by removing the expense or need for a middle man. The Pura (PURA) coin has reached a market capitalization of 28.66 Million dollars in the last 24-Hour period. The coin traded 30.50%higher against the U.S. dollar during the last 24 hours ending at 11:00 AM EDT on June 8th. Just three hours ago, the price value was showing 69% rise.

 

 

 

The Purateam has published a White Paper on their official website. The paper highlights what the purpose of the project is and what it is trying to achieve.

 

Pura (PURA) – Recent Performance

 

The Pura has reached a market capitalization of 28.66 Million dollars in the last 24-hour period. Pura (PURA) saw a rise of 30.50% at 11:00 AM EDT, on June, 8th against the US dollar. That is nothing compared to the rapid price spike rising to 69% at 08:00 AM EDT on the same day. You can see the price fluctuations in the chart down here:

 

 

The graphical chart was taken from the CoinMarketCap website.

 

Pura (PURA) – Historical Background

 

Pura is an international digital currency that liberates you to transact with anyone in the world directly, privately and instantly, making your life cheaper by removing the expense or need for a middle man. Pura is the world’s first socially and environmentally conscious cryptocurrency programmed by protocol design to contribute up to 10% of its mining rewards to the common good.

 

The developers of the Pura coin want the popularity of cryptocurrencies to make it next to impossible for governments to efficiently collect taxes. Their belief is that ten percent set aside can help fund the necessities of society, like roads, schools, plus education etc. However, before that becomes a reality, the plan is for coins and DAO to fund and track environmental, sustainable, and social projects around the World.

 

All of the goals that the Pura team has set to achieve seem promising, but the Pura coin has yet to prove that its cryptocurrency is not volatile and today’s fast sways in price value state that it is still shaky and cannot maintain a steady price.

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