Both Peercoin and Namecoin have roughly doubled in value since our last update two weeks. One PPC is now selling for $2.21 dollars while buying one NMC will cost you $2.25 dollars.
Peercoin Up by 97 Percent
Peercoin prices are up by 97 percent since our last PPC article. Back then we said this: ”It’s hard to say when the current bubble will end but for now, it pays to be long.”
This remains our current sentiment. There is no doubt that all crypto-currencies are in a major bubble at the moment. Still these bubbles can last a long time and if you’re already long it pays to follow along. The longer-term charts (weekly and monthly) are bullish too. The new watermark that might end the bull trend is the $1.17 swing low. A breakdown below here would end the rally but not start a bear trend. For that to happen prices need to dip below the 75 cents level. Read more: https://blog.fxopen.com/peercoin-namecoin-double-in-value/