More losses for Peercoin and Namecoin during the past two weeks. Namecoin dropped an extra 2.5 cents or close to 10 percent since our last NMC update. Peercoin on the other hand finally managed to break the support at 27 cents and is now trading lower by 4.2 cents. This is a move down of over 15 percent.
Namecoin Falls by 9.8 Percent
Namecoin continues its downward sloping trajectory. Prices are now quoted at $0.229, or 9.8 percent lower. But as we can see on the chart below, the last 14 days haven’t been smooth sailing for the bears. While initially they managed to push NMC/USD as low as 0.221 last week, the subsequent rally took prices back to a high of $0.259. From here a second wave of selling led to a low of $0.227 yesterday.
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