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Peercoin (PPC) Analysis

Market Cap

$6,132,421 USD

Volume (24h)

$36,586 USD

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3.6
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Peercoin Markets Rank: 9/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Peercoin Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Peercoin Market Cap Rank: 87/100

  • 24h Change

    Is the price moving up or down?

    Peercoin 24h Change Rank: 51/100

  • Social Following

    How many users are following this coin?

    Peercoin Social Following Rank: 93/100

  • Google Trends

    How many users are searching for the coin?

    Peercoin Google Trends Rank: 10/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Peercoin Twitter Citation Rank: 7/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Peercoin User Voting Rank: 91/100

Peercoin investment analysis

Peercoin is an older blockchain project, first conceived in 2012. It was actually the first cryptocurrency to operate under the Proof of Stake protocol, and users are rewarded with a 1% annual reward for staking their coins.

Their goal was to create a secure coin, with low fees that could operate without the massive amounts of energy required for Proof of Work projects and would give anyone the ability to mint their own coins, even if they did not have a computer capable of mining the traditional way.

Likely the most promising aspect of this asset is that it has been around for a very long time, and it's not likely that it will be going anywhere. Due to being the first on the scene for this exciting new algorithm, PPC has developed a dedicated fan base over the years. The code base is still being actively developed, and if you plan to make a Peercoin investment, you are banking on this continued community engagement and the low coin supply.

Peercoin investment price
$0.23087
Peercoin expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+36.6%
Peercoin Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.315469
Peercoin Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

379/3303
by Safety
2417/3303
by Profit
historical data

How to buy Peercoin?

The number of exchanges which offer traders the ability to buy Peercoin is quite large. There are several heavy volume exchanges here, as well as some more niche options if you'd prefer to use them. Bitcoin is the highest volume trading pair here, as per usual, but there are some secondary options which would also be viable such as a US Dollar pairing, a Euro pairing, and a pairing for the US Dollar Tether. Any of these have plenty of volume to execute a trade.

In order to store your coins, you'll need to download the official wallet from the coin's website. They have desktop client wallets available for Windows, Linux and Mac operating systems. Simply download the wallet that matches your computer's operating system, encrypt your wallet with a safe password, and then create a backup of your wallet file on an external drive for safe keeping.

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Is it safe to invest in PPC now?

The first thing that potential investors should understand before they decide to invest in PPC, is that it is not a company or a business. This is a community effort, and if you are accustomed to investing in shiny ICOs, then this will be a different experience for you. This is a classic cryptocurrency, created when most of them were first acquired by mining, and then run by community efforts.

Many people involved in the project are likely volunteers, and that means that developments may progress slower, and will happen in a different way than they would in a company that hires and maintains an enormous staff. This is not necessarily a bad thing, Bitcoin is a community project, albeit a very large and profitable one.

Before investing here, you should ask yourself if you want to be part of a community. If participating in a project where you are actively encouraged to take part in the marketing, and even the development of features sounds exciting to you, then you might want to make an investment here. If you don't think that sounds so great, then a more corporate blockchain project may be best for your money.

By looking at the Peercoin analysis we can see that they have stellar marks in almost every area except for trading volume. This is an older currency, and many people have abandoned it in favor of shiny new projects that present more exciting technology.

However, there is very much a niche market for coins like these, and just because the trading volume is a little low, it does not mean that they can not appreciate in value. In fact, this asset tends to have some decently reliable dips that many capitalize on to make money, and there's nothing wrong with earning a return on some of your capital via staking.

While it might be unrealistic to expect Peercoin to 100x overnight, there's definitely a little room to make some profit here while holding a piece of cryptocurrency history. Utilizing Proof of Stake assets such as these are a good way to make passive income from your portfolio while you wait if you're not interested in actively trading price swings or dips.

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