On February 12-13 analysts noticed Namecoin (NMC) move up by 2.42%

Namecoin (NMC) had a good 24 hours as the cryptocurrency jumped $0.0148730779999999 or 2.42% trading at $0.629747888. According to International Crypto Analysts, Namecoin (NMC) eyes $0.6927226768 target on the road to $1.43435655353553. NMC last traded at LiveCoin exchange. It had high of $0.639905112 and low of $0.61306102 for February 12-13. The open was $0.61487481. About 20 NMC worth $8 traded hands.

Namecoin (NMC) is down -13.03% in the last 30 days from $0.7241 per coin. Its up 11.54% in the last 100 days since when traded at $0.5646 and the annual trend is down. 200 days ago NMC traded at $1.01. NMC has 14.74 million coins mined giving it $9.28M 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.