Unlike the past two months where we saw both Peercoin and Namecoin fall together, during the last two weeks a divergence has emerged. Namecoin continues to drop, albeit at a slower pace, and is now down by 7.4% during the previous 14-day period. Peercoin on the other hand is up by over 10 percent during the same time-frame.
Namecoin Still Weak
A 19.4% jump on November 13th came close to ending the downtrend for Namecoin. Prices rallied as high as $0.246 but narrowly missed the 26 cents threshold. However in the days after those gains evaporated and NMC/USD now finds itself again under pressure. One coin is selling for $0.212 right now, 1.7 cents or 7.4 percent below the price noted two weeks ago.
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