After staying unaffected by the major bitcoin rally for two weeks, Peercoin and Namecoin are finally starting to take notice. Both cryptocurrencies have now joined bitcoin in uptrends with Peercoin up by 25 percent compared to the prices noted in our last article while NMC is trading higher by 15.2 cents, or 43% in percentage terms.
Peercoin Rallies by 45 Percent
Peercoin staged a strong rally last week, hitting a high of $0.579 yesterday. This was a gain of 45 percent from the $0.40 rally starting point. But as we can see on the chart below, we’ve had a major retracement since then and PPC/USD is currently quoted at $0.456, ”only” 14 percent above the breakout level.
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