Namecoin (NMC) had a good 24 hours as the cryptocurrency jumped $0. or 0.05% trading at $0.702259755. According to International Cryptocoin Experts, Namecoin (NMC) eyes $0.7724857305 target on the road to $1.22717886892121. NMC last traded at LiveCoin exchange. It had high of $0.72572859 and low of $0.686373159 for January 22-23. The open was $0.701898696. About 20 NMC worth $8 traded hands.
Namecoin (NMC) is down -0.56% in the last 30 days from $0.7062 per coin. Its up 19.09% in the last 100 days since when traded at $0.5897 and the annual trend is down. 200 days ago NMC traded at $1.4. NMC has 14.74 million coins mined giving it $10.35 million market cap. Namecoin maximum coins available are 21.00M. NMC uses SHA256 algorithm and PoW proof type. It was started on 18/04/2011.
Namecoin s a cryptocurrency which also acts as an alternative, decentralized DNS, which would avoid domain name censorship by making a new top level domain outside of ICANN control. The coin is designed to halve every four years with the same cap limit as Bitcoin of 21,000,000. With the domain registry service a small number of NMC will be destroyed so after mining has finished there will still be a deflationary ellement in place. Namecoin was the first coin to switch to merged mining.
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