It’s interesting enough that I activated my account and posted in these new forums for the first time just to say it’s interesting.
It’s interesting. 
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PPC trading over 40 cent today.
I realize the situation can change quickly, but it’s nice to see the market cap exceed $10M. It’s been a while. There is volume supporting this recent move, so it would appear there is PPC being accumulated.
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I have been out of the loop for quite some time. Any chance someone can fill me up regarding the recent surge besides the info posted above? Thank you in advance!
@DigiX, welcome back. I’m glad to see older members popping back in recently. This recent post of mine and the associated threads linked in it might help explain some of what’s been going on as well…
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Thank you @Sentinelrv! I’ll take a look. By the way, the new community hub looks great. Lovely work guys!
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We are currently witnessing a major trend reversal
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Will be saying it today. Looking at $0.58 !
Not sure what is happening, but this is mostly speculation. Probably a result of the attention drawn by the SEC decision. Some big whales were waiting and maybe thought we just going to invest in crypto without the SEC support? Who know, it is clear that a lot of new capital is flowing into crypto at the moment.
Hope our fundamentals in our POS technology (Peercoin) and community will leverage these investments in the coming weeks and months.
BTW we were even mentioned on a Coindesk article about the rise of altcoins today. When was that for the last time?
I got the news from LTC people talking about price surge. Some claim that they have been using LTC to transfer funds due to unreliability of BTC network lately. Several pointsL
- This price surge is not about PPC in particular.
- Size limit is biting BTC. Hope the problem gets fixed soon so PPC, a drop-in replacement of BTC using POS, can get the problem fixed before going main stream.
- LTC has been remarkably stable with respect to BTC in the last year so using LTC to transfer BTC funds has little exchange rate risk.
- There is a need of a short-block-time token that is reliably pegged to BTC and has deep liquidity.
PPC will be over 100USD by 2018
What makes you think that? That’s a huge number. The highest we’ve ever been is around $8.50 in 2013.
Boom of eco-cryptos post 2017, of which PoS and Peercoin are unicorns.
Then, exuberant faith in them = bubble just like we are seeing in DASH right now
Interesting video.
It’s interesting that the break out in Peercoin occurred only after crossing the line he drew from the previous all time high. It’s as if the price was waiting all these years just to spike at this exact moment.
This type of technical analysis has been thoroughly discredited in many rigorous studies, primarily with stocks and commodities. It is essentially as effective as astrology in its ability to make accurate predictions. That doesn’t mean the Peercoin price won’t rise in the near-term as he suggests, but the ability of this analysis to anticipate it is no better than random chance.
There is some evidence suggesting certain types of trading patterns can make better-than-chance, long-term price predictions (head and shoulders, inverse head and shoulders), but key inflection points must be verified by trading volume – a parameter he completely ignores.
Caveat emptor.
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We have our own BEAR WHALE!
started as >270k, now 109k. For posterity.
Annnnd broke
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Oh my god, did you see that: Who should be embarrassed now? (look, who I replied to and click on it)