it will go down. it is fighting the inflation. future inflation is guaranteed. future demand is speculative. if you cna find reasons that demand will increase faster than the rate of future inflation then price will go up.
ppcoin currently has the lowest inflation rate (20~30% annual) among all altcoins, only second to bitcoin (~10% annual).
Look at that real DEV who is on the case,
do you seen why this coin is going places
also I really like
http://www.ppcoin.org/love the map at the back etc
PPC does not have the lowest inflation rate. Where do you get that number?
Here are the facts I have. PPC has out inflated LTC and hasn't been around nearly as long. It produces around 411 coins per block. Bitcoin is at 25 coins per block. Litecoin is at 50 coins per block. Mincoin is at 2 coins per block. As a result of epic growth PPcoin has 19 million coins in circulation to LTC's 18 million.
At this point in time it's not really a big deal because 19 million is low, but it's not the lowest inflation rate of all alt-coins based on the numbers I'm working with. I don't know where you get the values of 20% - 30% inflation, and how do you figure it's the lowest?
I know it's your coin so you're going to promote it but what we are seeing in the market are signals of a period of high inflation, and market cap shrinkage, which isn't a bad thing but don't convince people to invest heavy fiat into this coin when it's rise is truly uncertain. I await the figures backing up your claims.
http://coinmarketcap.com/PPC is probably the most undervalued coin out there
It has a real known and good DEV for ages.
Could not agree more. I feel like LTC is a right where it should be + / - 20%
BTC is under and still recovering, i personally think its worth $140-150
NVC is hard to say I think its around where it should be and it makes it the only coin atm at true value.
TRC I hate so I just dont care ;p
PPC is waaayy under as I think it should be around 0.0025
ftc/cnc is total crap and I would not touch them with 10ft pole.
I don't think it's undervalued if we look at the market cap. The market cap is the indicator for what the price should be and the market cap is shrinking. I'm a fan of the PPcoin technology, but I think the only way for the price to go up is for businesses to start up and accept or use PPcoins. Start a business and somehow find a reason for people to buy and use PPcoins and the market cap will rise. The other thing that needs to happen is hashing power has to be directed at PPcoin because according to my understanding the inflation rate is determined by the hashing power directed at it. More miners should raise the difficulty which should slow the inflation rate and that could happen as soon as ASICS ship.
I'm mining PPC. I predict someday each PPC will be worth $1 and when I mine I think of each PPC as $1. I also think the price of PPC will eventually go up, but the price of PPC will be correlated with the market cap just like it is with all coins and only when the market cap is brought up to a level above the total amount of PPC in circulation will we see PPC price at $1 and up.
This would mean PPC needs a market cap of $19 million or more. LTC has a market cap if $50 million but is selling at $2-3, Bitcoin has a market cap of over a billion and is selling at $100-130, let's see if PPC gets to a dollar when it's market cap is over $20 million, I predict that is what it will take and that is possible but probably not going to happen anytime soon. The only way it will happen is for you and others to set up sites where people can buy PPC directly with USD, not buy it with BTC or LTC. Then there has to be many sites set up for people to spend PPC. Finally there has to be some job sites for people to earn PPC.
Current PPC market cap is $ 3,137,639 and it just lost -7.97%. Unless the trend changes I expect the price to keep going down until a development in PPC changes the trend.
PPC is the first crypto i mined and I really liked it, but I think it has a decent price for a coin with that total supply, and if no new uses are created for it there could be some ugly dumping.
Right now its still over priced but it will eventually reach $1 probably sometime this year.
If you speculate a future higher value, you cannot say its currently overpriced. Things aren't valued at what their current status is, but what it is believed to be worth in the future. Its the reason why when a good news hit about a company, its value rises. And vice versa.
The only plausible reason to say what you just said besides stupidity is "I want to buy low and resell high". But then, its stupid to think the market will follow your claim.
Supply and demand. Supply is high and demand is low. I think this can change over a period of 6 months but the longer supply increases the bigger the market cap will have to be for each coin to be worth $1. So while I know PPC is worth something, and worth more than 0.003 in the long term and definitely worth more than it's going for right now, I don't know that it will ever reach $1.Since the poll is asking where I think it will be in the next 45 days I think right now there are signals that the price has to go down further before the slow climb back up so I think for another few weeks to a month we will see it dip down to 0.0010 and then 0.0007 and from there it will go back up. Because of this, if you're thinking about PPC as a short term investment it's a very bad time to buy PPC. Wait another couple of weeks when supply is increased even further and then buy as much as you can while it's at around 0.0007, if you buy right now you wont get the maximum amount of profits as a speculator.
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