The price of Pycoin rose ahead of its "public circulation phase" on November 28th... Expectations for its expansion into the European market are heating up.
Pycoin is attracting market attention ahead of a major event on November 28th. Currently trading at around $0.24 (approximately 320 Korean won), Pycoin has been rising steadily recently, drawing increasing investor interest.
PaiNet announced that it will launch its "public offering phase" on November 28th. This timing coincides with surpassing 60 million users and is expected to be a key turning point in its expansion into the European market. As a result, market expectations for subsequent exchange listings and price increases continue to spread.
As of the 25th, the price of Paicoin was $0.2398 (approximately 319 Korean won), a slight increase of 0.04% in the past 24 hours. It has risen approximately 6.6% in the past 7 days and has accumulated a gain of approximately 14.5% in the past 30 days.
According to financial data, the actual market capitalization of Pycoin is approximately US$1.9973 billion (approximately 26.5 trillion Korean won), with a current circulating supply of approximately 8.32892 billion coins. Its total issuance is set at 100 billion coins.
In January of this year, Pycoin, which existed in the form of IOU (pre-issued trading unit), surged to $165 (approximately 220,000 Korean won) due to rumors of its listing on exchanges, but then plummeted to $0.15 (approximately 200 Korean won) in October. Recently, the price has been fluctuating steadily within the range of $0.20-$0.26 (approximately 267-347 Korean won).
Market experts predict that "if Paicoin successfully breaks through the current resistance level, it may rise to $0.45-$0.47 (approximately 600-630 Korean won) by the end of the year. If the mainnet launch and exchange listing proceed smoothly, it may reach $2-$3 (approximately 2700-4000 Korean won) by the end of 2026." However, it should be noted that risks such as technical issues and regulatory uncertainties may cause the price to fall below $0.15 again.
It is also reported that PyNet plans to complete the "v23 protocol upgrade" to comply with the EU's Crypto Asset Regulatory Framework (MiCA) by the end of 2025. This move is seen as a foundational preparation for its expansion into the European market, reflecting technological advancements in building a compliant blockchain operating system.
Recently, rumors have been circulating within the PyNet ecosystem regarding smart contract development and the potential launch of the Py stablecoin. However, no official statement has been released to date.
Paicoin is not yet listed on major exchanges, resulting in insufficient liquidity, and its community-driven social recruitment model has also been questioned by some. However, mobile mining and the core community growth strategy are still seen as differentiating features from traditional cryptocurrency projects.
The public circulation phase, scheduled to begin on November 28th, is expected to be a significant milestone in determining the future global positioning and actual market feasibility of Paicoin. The project's usability and regulatory clarity will have a decisive impact on its medium- to long-term value assessment.
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