Peercoin (PPC) Price Tops $0.38 on Exchanges

Peercoin (PPC) traded down 5% against the dollar during the 24 hour period ending at 16:00 PM ET on August 6th. Peercoin has a total market capitalization of $10.48 million and $10,434.00 worth of Peercoin was traded on exchanges in the last 24 hours. Over the last week, Peercoin has traded 0.6% higher against the dollar. One Peercoin coin can currently be purchased for approximately $0.38 or 0.00001636 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• PRIZM (PZM) traded up 1.2% against the dollar and now trades at $0.0018 or 0.00000008 BTC.
• NuBits (USNBT) traded flat against the dollar and now trades at $0.0037 or 0.00000012 BTC.
• Tigerfinance (TIGER) traded down 5.4% against the dollar and now trades at $0.0311 or 0.00000082 BTC.
• Tiger shares (Tiger) traded 1.8% higher against the dollar and now trades at $21.25 or 0.00108512 BTC.
• TIGER COIN (TIGER) traded 21.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Peercoin Coin Profile

Peercoin (CRYPTO:PPC) is a proof-of-stake (PoS) coin that uses the SHA-256 hashing algorithm. It was first traded on August 20th, 2012. Peercoin’s total supply is 27,687,939 coins. The official website for Peercoin is www.peercoin.net. Peercoin’s official message board is talk.peercoin.net. Peercoin’s official Twitter account is @peercoinppc and its Facebook page is accessible here. The Reddit community for Peercoin is /r/peercoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “A peer-to-peer crypto-currency design derived from Satoshi Nakamoto's Bitcoin. Proof-of-Stake replaces Proof-of-Work to provide most of the network security. Under this hybrid design proof-of-work mainly provides initial minting and is largely non-essential in the long run. The security level of the network is not highly energy-dependent thus providing an energy-efficient and more cost-competitive peer-to-peer crypto-currency. Proof-of-Stake is based on coin age and generated by each node via a hashing scheme bearing similarity to Bitcoins but over limited search space. Blockchain history and transaction settlement are further protected by a centrally broadcasted checkpoint mechanism. “

Peercoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Peercoin directly using US dollars. Investors seeking to acquire Peercoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Peercoin using one of the exchanges listed above.