Both Peercoin and Namecoin are trading range-bound. Namecoin is trading higher by 0.9 cent or 2.4 percent, while PPC is up by 1.8 cents or 4.8 percent since last Thursday. While both altcoins have made some progress this week, they’ve yet to break out above their important resistance levels.
Namecoin Trading Range-Bound
Considering the large volatility of Bitcoin and some altcoins, it’s been a calm week for NMC. Here the weekly range was ‘only’ 11 percent. This compares with a range of over 20 percent for BTC/USD. The gains have been relatively small too, only 2.4 percent since last Thursday.
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