All of the four crypto-currencies we follow have now entered a consolidation period. Peercoin had a sharp correction of almost 24 percent after last week’s 44% surge. Namecoin also declined, by 28 percent when measured high to low. The consolidation period is largely fueled by big brother bitcoin. The crypto has been trading in a tight $5 dollar range for the past four days now.
Peercoin Corrects by 24 Percent
Alternative cryptocurrency Peercoin had a sharp correction of almost 24 percent in the past seven days. After hitting a high of $0.422 last Tuesday, PPC retraced all the way down to $0.321, erasing most of the gains from the 44% surge. But staying true to the consolidation phase, the crypto didn’t stay down for long and is currently quoted at $0.369.
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