The unrelenting bitcoin rally is finally spurring some buying in the altcoin market. Both Peercoin and Namecoin have switched from downtrends to uptrends and are now trading substantially higher since our last update.
Peercoin Follows BTC Higher
After ignoring bitcoin’s ongoing rally for a long time, alts seem to be finally waking up. Peercoin is currently quoted at $0.273 per coin, a 30 percent gain compared to our last update two weeks ago. With the latest gains, PPC/USD managed to break the downtrend and enter into rally mode.
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