Namecoin Market Capitalization Reaches $23.73 Million (NMC)

Namecoin (CURRENCY:NMC) traded down 8.2% against the US dollar during the 1 day period ending at 0:00 AM Eastern on March 26th. One Namecoin coin can now be bought for approximately $1.61 or 0.00020483 BTC on major exchanges including Poloniex, YoBit, SouthXchange and Bittylicious. Namecoin has a total market capitalization of $23.73 million and approximately $264,027.00 worth of Namecoin was traded on exchanges in the last day. During the last seven days, Namecoin has traded down 5.6% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

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  • Bitcoin (BTC) traded 7% lower against the dollar and now trades at $7,906.16 or 1.00000000 BTC.
  • Bitcoin Cash (BCH) traded 8.4% lower against the dollar and now trades at $891.39 or 0.11338700 BTC.
  • Steem (STEEM) traded down 13% against the dollar and now trades at $1.73 or 0.00022027 BTC.
  • Counterparty (XCP) traded down 13.4% against the dollar and now trades at $12.35 or 0.00157149 BTC.
  • Unobtanium (UNO) traded 8.5% lower against the dollar and now trades at $142.60 or 0.01816650 BTC.
  • Crown (CRW) traded down 6.1% against the dollar and now trades at $1.36 or 0.00017282 BTC.
  • ATBCoin (ATB) traded down 6.6% against the dollar and now trades at $0.23 or 0.00002928 BTC.
  • CHIPS (CHIPS) traded down 19.3% against the dollar and now trades at $0.29 or 0.00003662 BTC.
  • Terracoin (TRC) traded down 7.3% against the dollar and now trades at $0.19 or 0.00002374 BTC.
  • UnbreakableCoin (UNB) traded down 10.4% against the dollar and now trades at $0.65 or 0.00008294 BTC.

Namecoin Coin Profile

Namecoin (NMC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on April 19th, 2011. Namecoin’s total supply is 14,736,400 coins. Namecoin’s official website is www.namecoin.org. The Reddit community for Namecoin is /r/namecoin and the currency’s Github account can be viewed here. Namecoin’s official Twitter account is @namecoin and its Facebook page is accessible here.

According to CryptoCompare, “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. “

Namecoin Coin Trading

Namecoin can be purchased on these cryptocurrency exchanges: YoBit, WEX, Poloniex, SouthXchange, Tux Exchange, Livecoin, Cryptopia, Bleutrade, Bittylicious, Altcoin Trader and BX Thailand. It is not presently possible to purchase Namecoin directly using US dollars. Investors seeking to trade Namecoin must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Namecoin using one of the exchanges listed above.

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