Project Pai & Repo Coin Has Seen Sudden Increase! Why?

Fibo Quantum

The top performing altcoin at the time of writing is PAI which is getting a 16% pump taking it to $0.061808. This altcoin has pumped and dumped over the past few days so appears purely fomo driven. REPO is the second best climber in the top hundred with a 13% gain on the day.

Project Pai

Project Pai has a current supply of 1,581,084,000 Pai with 1,410,462,736 Pai in circulation. The last known price of Project Pai is $0.061808 USD and is up 16.75% over the last 24 hours. It is currently trading on 15 active market(s) with $11,879,846 USD traded over the last 24 hours.

Project PAI is introducing an open-source, blockchain-based platform designed to allow users to create, manage, and use their Personal Artificial Intelligence (PAI). The PAI Blockchain Protocol allows a decentralized Artificial Intelligence economy where developers can build services and products that are beneficial to the PAI ecosystem and users can contribute their PAI data to boost the platform’s AI neural network.

Repo Coin

Well , there is another coin in competition with Project Pai, The Repo coin. This has a current supply of 356,999,900 REPO with 109,958,607 REPO in circulation. The last known price of REPO is $0.752483 USD and is up 18.96% over the last 24 hours. It is currently trading on 4 active market(s) with $112,839 USD traded over the last 24 hours.

Recently, Deutsche Börse and Commerzbank have declared that they have successfully completed the first-ever proof-of-concept (POC) for a repo transaction using the blockchain.

A repo transaction is usually  associated with short-term borrowing deals, letting dealers to sell securities to investors and subsequently repurchase them, often as soon as the following day.

However, we can assume that this move might have enhanced the price of REPO. At present, Project Pai over took the Repo coin by reaching 59th position with 20.28% of rise.

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