Peercoin - Dead or resting?

[Lie Detector]

Whats your opinion on peercoin? Is it dead or simply resting? From what i know it was the first POS coin so it should be worth at least as much as LTC but it is only worth some 90k satoshis ($0.41). That is about 1/10th of LTC. I was thinking about buying some but im not sure if im catching a falling knife or taking chance of a good investment opportunity....

[cryptoheadd]

Whats your opinion on peercoin? Is it dead or simply resting? From what i know it was the first POS coin so it should be worth at least as much as LTC but it is only worth some 90k satoshis ($0.41). That is about 1/10th of LTC. I was thinking about buying some but im not sure if im catching a falling knife or taking chance of a good investment opportunity....

I wouldn't recommend you to buy it.
Check out some other alts or other POS coins, if you want.

[tokeweed]

Avoid it unless it's trending.  We wouldn't what you to become another whining bagholder now, would we?

[alyssa85]

It is just resting. It is still in the top ten on coingecko:

https://www.coingecko.com/en

It is fairly stable in that I dont think it will crash to nothing, it just seems to chugg along.

[maydna]

maybe the coin is tired and need to take a rest for a while before its rises again.

[The Sceptical Chymist]

OP you just never know when these "dead" coins will see a resurgence.   Look at doge and how high it got pumped a couple months ago.   You might see that kind of action with peercoin and some of the others.  Give it a shot but don't overdo it.

[JosNekoKopa]

I don't get it why people have more fate in some project obviously made only for hype- pump and dump.
 It will take some time for people to realise, and they will finally return to good old coins like Peer coin.

[DishwashingUnit]

Resting no doubt.

There's a thread SK posts in every week. As long as he's alive and making progress Peercoin is as alive as it ever was. Lots of other developers are interested in Peercoin as well, using it as a base for Peershares/Nubits/B&C. Even if SK weren't part of the picture somebody else would pick up the torch.

Peercoin is one of the oldest innovative coins, the older a coin is the more people trust it. It was out long before the flood of altcoins. It has arguably one of the best distributions in crypto. It's designed with the specific purpose of being as light and decentralized a blockchain as possible so that it can serve as a "backbone currency," of sorts.

Peercoin is waiting to drop checkpoints and start to phase out PoW. When these things happen you'll start to see the price rise independently of Bitcoin, for the time being though I'm pretty sure it's tethered to Bitcoin in a similar way to Litecoin.

[kiklo]

Peercoin interest rate is ~1% a year, which makes it useless as an investment.

Any PoS coin that does not carry a 5% or higher per year rate is really not worth any of my time.
Reason : I will throw that fiat into a utility stock that pays 5% per year in dividends instead of anything that pays below 5%.

 

[Ayers]

it's like litecoin, an ancient mummy that still want to attract invesotr, but fail to do so, better leave it there, there are much better option i think, like ethereum, lisk etc...