Both Peercoin and Namecoin followed big brother lower on June 1st. The break took out nearly 2 cents from PPC and about 1.4 cents from Namecoin’s value.
Peercoin Rally Ends
The rally in PPC prices took a severe setback this week as the altcoin suffered on renewed BTC selling. Alternative cryptocurrencies will often sell-off in tandem with bitcoin prices. Since May 30th PPC/USD has lost 4.2 cents or just below 13 percent. But the sell-off has paused during the past two days as BTC stabilized as well. We are currently quoted at $0.282 dollars per coin.
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