Peercoin Surrenders All of September Gains, USD-Denominated Prices Lowest in Over a Year

Peercoin (PPC) has gradually slid from its September/October peaks that saw it jump as high as $2. It has since given up 75% to fall as low as $0.51, more than offsetting its September gains. It is currently trading at $0.56 on BTC-e.

In slightly surpassing lows last seen during the August Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, PPC is trading at its lowest levels in over a year.

In bitcoin terms, it is not doing quite as bad; the price of bitcoin itself has been a significant contributor to its dollar-based losses. It did fall, however, to a low of 0.0014 BTC, its lowest point since during the August sell-off when it briefly touched 0.00115.

A sizeable USD-based market exists for the coin, where it trades in roughly equal quantities relative to its BTC-based market.

It has also traded below its 50-day moving average (MA) for the longest stretch since prior to the September rally.

Excitement around the launch of its related Nubits currency has waned, and the market has seen little reason to favor PPC over its struggling peers.

The slump has sent Peercoin to 9th spot in market cap rank, its total valuation now $12.3 million. It is just ahead of Counterparty, itself having slumped in November. "Old school" altcoins like Peercoin and Namecoin, long a staple among the ten most valuable coins in 2014, have fallen from their ranks in favor of several 2nd generation Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.