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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out