PPC or Peercoin has been on the limelights in trading for a couple of days now. Any thoughts or forecast on on what level will its price value soar during the 1st quarter of 2014?
Peercoin (PPCoin)
Market cap (BTC): 126,411
Peercoin, the currency launched by the mysterious ‘Sunny King’, currently rests at just under one sixth the market cap of litecoin, making it the third-largest coin in existence.
Peercoin uses proof-of-stake, an alternative to the conventional proof-of-work mechanism used by bitcoin. It is designed to produce more coins automatically, based on the number of coins that a person already has in their possession.
John Manglaviti, previously the community relations leader for feathercoin, came on board earlier this year to try and breathe life into peercoin’s community. Working with King (who focuses on technology development), he has recruited 120 volunteers for the currency. Most recently, Canadian exchange Vault of Satoshi announced that it would support peercoin, lending more credibility to the currency.
http://www.coindesk.com/top-altcoins-2013/