Token of the Day : (Peercoin)
Today I highlight the Token Peercoin, which has been in the ecosystem of cryptocurrency for more than 5 years
Peercoin is one of the truly unique alternative currencies. Although its code is based on Bitcoin, Peercoin is the first cryptocurrency to introduce a minting test to secure the network.
If we look at the 3-month chart, we can see a break-even point around $ 2, 10% below the current price ($ 1.8).
I value Peercoin as a good investment in the short and medium term.
The optimal entry point would be US $ 1.7, with the objectives to be 2, 2.3 and 2.65 dollars respectively
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The key support of Peercoin I would situate it at US $ 1.40, value that can be taken as reference to place a stop protection but want to take greater risks.
At the time of writing this post Peercoin has a market capitalization of more than US $ 45 million, occupying the 90th position in the world ranking of cryptocurrency.
Except for Peercoin is somehow still alive lol
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Peercoin will do better in the future as more people find pow is becoming more and more centralized.
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Good points in this blog. I was about to start a similair discussion. I've bene asking myself. Do people actually check the Trustworthiness of the crypto they invest in or do they just blindly see money money money? :-) I really advice people to take a look at: https://www.coincheckup.com. They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. On: https://www.coincheckup.com/coins/Peercoin#analysis For the Peercoin Detailed analysis.