Breaking: Peercoin ($PPC) Coin Might Be Gearing For A Reversal

Peercoin (PPC) an altcoin created 2012 has since been mute for over 5 years.
Also known as PPC or Peer-to-Peer Coin, the coin was created by Sunny King and his team and launched in August 2012. It is the first blockchain to implement Proof-of-Stake consensus.

The primary inspiration behind the creation of Peercoin was to address a number of perceived shortcomings of Bitcoin, including energy efficiency, security and sustainability, decentralization and long-term viability.

Essentially it was designed as an enhanced replacement for Bitcoin. As such, it was originally forked from Bitcoin and uses the same UTXO style blockchain. However, Peercoin's code was modified to introduce Proof-of-Stake as its primary consensus protocol.

Peercoin's daily price chart depicts a perfectly formed resistant structure, should PPC break above the $0.36 resistant point, a breakout to the $1 pivot is feasible. Similarly, failure to pull that stunt might negate the assets growth.

Peercoin Price Metric
The Peercoin price today is $0.277113 USD with a 24-hour trading volume of $27,510.89 USD. Peercoin is down 5.39% in the last 24 hours. The current CoinMarketCap ranking is #1053, with a market cap of $8,175,841 USD. It has a circulating supply of 29,503,607 PPC coins and the max. supply is not available.