Namecoin (NMC) registered -3.20% decline in 24 hours

Namecoin (NMC) had a bad 24 hours as the cryptocurrency declined $-0.020219023 or -3.20% trading at $0.611530073. According to Top Crypto Analysts, Namecoin (NMC) eyes $0.6726830803 target on the road to $1.13361657338397. NMC last traded at LiveCoin exchange. It had high of $0.649297682 and low of $0.524168634 for February 24-25. The open was $0.631749096. About 20 NMC worth $8 traded hands.

Namecoin (NMC) is down -15.74% in the last 30 days from $0.7258 per coin. Its up 26.61% in the last 100 days since when traded at $0.483 and the annual trend is down. 200 days ago NMC traded at $0.7086. NMC has 14.74 million coins mined giving it $9.01M market cap. Namecoin maximum coins available are 21.00 million. NMC uses SHA256 algorithm and PoW proof type. It was started on 18/04/2011.

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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