Why are coins like Namecoin and Peercoin so cheap?

[e-coinomist]

Look at 42coin, there's only 42 coins compared to BTC's 21 million and yet the price is still 2 BTC/coin. That's only 84 BTC worth of coins in the entire circulation.

there was some astonishing detail about 42, there are more than 42 "42 coins" in existance. About 25% moar, which kinda dillutes the original idea.
Does anyone know what's going on with 42coin? (Showing 52 current supply) https://bitcointalk.org/index.php?topic=1258583.0

Not safe to invest even a halve cheeseburger on that one.

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[bhokor]

Peercoin is undervaluated actually, but i think it have the same problem with initial distribution like bitcoin, there are a few of big whales doin almost all the staking, but still i think is probably the best pos to invest actually

[favdesu]

for a .bit domain name ... project fail?

.bit is only one of many possible use cases of Namecoin, and it is the one with the biggest hurdles set up by the increasingly restricted closed-source world (MS-Windows, Android, iOS, OSX). Some of the other use case ideas have just started to emerge, e.g.:

• Proof-of-existence with built-in timestamp of documents or digital content
• Notary services
• Decentralized update information for IoT devices

and more to come.

re: Proof of Existence

as far as I remember onename used to use namecoin as blockchain. but they moved away to bitcoin for some reason

[cassini]

as far as I remember onename used to use namecoin as blockchain. but they moved away to bitcoin for some reason

The reason is IMO that they are trying to attract even more investor's money. "bitcoin-based" is the ultra-hip marketing expression at the moment, whereas nobody in the VC industry ever heard of "Namecoin". With this move from Namecoin to Bitcoin, however, they lost the opportunity to create secure SPV clients (e.g. for mobile devices). Greed before need, I'd say.

[K210]

Peercoin and namecoin are both solid coins. When altcoins come out of the dark both will be in a good position to compete with bitcoin.

[Snail2]

These two coins are barely have any real life purpose, there are no meaningful marketing therefore no demand. However because of the small but die hard user base, both coins are doing relative well if you compare them to other coins. So there are still hope .

[ironbit]

Agree! This is what I am thinking, too. Both, Namecoin and Peercoin are very solid coin. I build a stake since a couple of months and I have not regret it yet.

Peercoin and namecoin are both solid coins. When altcoins come out of the dark both will be in a good position to compete with bitcoin.

[Nxtblg]

These two coins are barely have any real life purpose, there are no meaningful marketing therefore no demand. However because of the small but die hard user base, both coins are doing relative well if you compare them to other coins. So there are still hope .

Yet another in a long string of altcoins with real tech looking for real-world use cases....

In a weird way, this altcoin jungle has acted like a think-tank connected to a school of computer engineering. Lots of new tech, lots of neat widgets, but hardly any of them have gained real-world traction. Funny how that's turned out.

[TravisNeko]

Because they are not that much people using it I think.
Also is just a copy of bitcoin just another name and another thinks.

[razen489]

Peercoin, Namecoin they were new ideas 2 years ago, these days they couldnt keep up to differentiate and carve a niche.

[tyz]

No, they are not just copies of Bitcoin. Yes, the basic code was took from Bitcoin but both coins added something new what makes them somehow unique and they have their place in the cryptocurrency universe.

Because they are not that much people using it I think.
Also is just a copy of bitcoin just another name and another thinks.

[hicaribou]

People don't like buying cheap products like PPC and NMC. People will rush to buy PPC and NMC when their prices go up.