Peercoin is often seen as part of the big three cryptocurrencies. The name began its journey in August, 2012. Along with Bitcoin and Litecoin, many take advantage of Peercoin value and its perks. The price of Peercoin attracts many users. It once reached $7 per coin. However, it also had its own ups and downs. Today, its price continues to go up after challenging events.
The PoS technology offered new features in the market. While Peercoin left this behind. It continues to bring payment ease.
Price history of Peercoin
At the start of 2014, the coin appeared on exchanges. Loads of potential were seen. It had an initial Peercoin value of about $0.40. This was much better than the first few months of other altcoins. After this, prices started to go down. Many users were happy to sell their coins for under $0.16 in 2013.
November was a good month for Peercoin. It made a quick rise. By the end of the month, traders are able to buy one Peercoin $7.3. It provided the general capitalization of the coin with huge amounts. To be more specific, it was over $153 million. Those who bought coins until its entry at the price of 10,000 Peercoin for one Bitcoin were more than happy. It allowed them to earn as much as 70,000 per Bitcoin. After this surge, the Peercoin value reached the price of $0.42.
During 2015, the prices moved at around $0.40. There were moments in July when it reached a Peercoin value of over $0.70. These events inspired current users and public interest. The altcoin seeks to grab new records the coming years.
Other events of 2014 and 2015 include new brands that came in. Names like DASH and Dogecoin offered features Peercoin does not have. All of which gave users better access to the PoS system.
The reason for Peercoin’s growth was its technological innovations. PoS allowed users to earn Peercoin value while storing the coins. Mining is also easier and more predictable. The concept behind Peercoin mining is that the rewards decrease slowly. Unlike other mining systems that experiences dramatic changes.
Using the same concept as Bitcoin, Peercoin shows more efficiency. Transactions are quicker and cheaper. All of this makes it an admired cryptocurrency.
In 2017, developers of the altcoin begin to prepare for more improvements. It gives users hope that the Peercoin value will continue to rise.