Most of the altcoin market continues to trade in a range. Peercoin is down by 1.3 cents compared to last Thursday while Namecoin is trading almost unchanged at $0.401 dollars per coin. The lull in market action is likely caused by bitcoin’s decreasing volatility. We’ve touched a bit on the reasons behind this in our recent article.
Peercoin Falls by 3 Percent
Alternative crypto-currency Peercoin is trading lower by 3 percent this week. On the chart below we can see that after a brief spike last Thursday, PPC/USD has resumed the slow downward slide. But what we said in last week’s article continues to apply, we’re nowhere near the two important breakout points for PPC.
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