Namecoin Sitting on Long Term SupportNamecoin (NMC) is currently sitting on long term support. As it takes more and more money to move Bitcoin, the alternative cryptocurrencies will start to pick up. It's a no brainer to throw a few dollars onto this at the bottom with small risk (stop under $2-$2.1) or wait for the break out at around $2.8-$3. It has already sailed through the long term resistance (cyan solid line).
NMC is Bitcoin's younger brother and was the second cryptocurrency to be launched under Satoshi Nakamoto's direction.
