Namecoin (NMC) soars 6.01% on January 27-28

It was good day for Namecoin (NMC), as it jumped by $0.0412005259999999 or 6.01%, touching $0.72624656. Top Crypto Analysts believe that Namecoin (NMC) is looking for the $0.798871216 goal. According to 5 analysts could reach $1.15805353250545. The highest price was $0.726944874 and lowest of $0.684696877 for January 27-28. The open was $0.685046034. It last traded at Poloniex exchange. Aproximately 20 NMC worth $8 was traded.

For a month, Namecoin (NMC) tokens went up 0.30% from $0.7241 for coin. For 100 days NMC is up 19.19% from $0.6093. It traded at $1.25 200 days ago. Namecoin (NMC) has 14.74 million coins mined with the market cap $10.70M. It has 21.00M coins in circulation. It was founded on 18/04/2011. The Crypto NMC has PoW proof type and operates under SHA256 algorithm.

Namecoin s a cryptocurrency which also acts as an alternative, decentralized DNS, which would avoid domain name censorship by making a new top level domain outside of ICANN control. The coin is designed to halve every four years with the same cap limit as Bitcoin of 21,000,000. With the domain registry service a small number of NMC will be destroyed so after mining has finished there will still be a deflationary ellement in place. Namecoin was the first coin to switch to merged mining.

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