usaoscoin

Why is Peercoin tracking below Namecoin price?

BTCE:NMCUSD   Namecoin/ Dollar
I've seen this question come up a lot since Bitcoin begun rising.

These two altcoins have historically followed each other very closely in terms of price until recently. As Bitcoin rises and altcoin prices have fallen, we have seen Peercoin ( PPC             ) drop below Namecoin ( NMC             ) significantly.

I believe the explanation for this is quite simple: there are more Peercoins in the market than Namecoins, therefore there are more potential sellers.

According to https://coinmarketcap.com/ the current PPC             supply sits at around 21 million. The same site states the current available amount of Namecoins is around 9 million.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out