The value of any currency to someoneis how much real stuff they need that they can exchange it for.
Any cryptocurrency that is effectively limited in volume and viable to be used will grow. Because of the growing number users of the currency, some are developers who will make it easier for sellers to accept it.
What bitcoin had going for it is that it DIDNT have mass adoption - it had a long way to go. Now the same is true of peercoin and litecoin - they are where bitcoin was a year ago. There's no reason they can't go to 1000 also.
In short there are a few factors determining the price of a currency:
Short term fads:
1. being newly listed on an exchange as exchangeable for the local currency of the country
2. news stories about the currency
Long term fundamentals:
3. The increase in acceptance by merchants and metcalfe's law (I think n log n is more realistic than n^2 though)
4. Limit on new currency being produced.
In this respect I feel litecoin beats peercoin in #4 and peercoin beats litecoin in #3, it has a longer way to go but it is more sustainable and is further behind so it has a longer way to grow from now.
The value of any currency to someoneis how much real stuff they need that they can exchange it for.
Any cryptocurrency that is effectively limited in volume and viable to be used will grow. Because of the growing number users of the currency, some are developers who will make it easier for sellers to accept it.
What bitcoin had going for it is that it DIDNT have mass adoption - it had a long way to go. Now the same is true of peercoin and litecoin - they are where bitcoin was a year ago. There's no reason they can't go to 1000 also.
In short there are a few factors determining the price of a currency:
Short term fads:
1. being newly listed on an exchange as exchangeable for the local currency of the country
2. news stories about the currency
Long term fundamentals:
3. The increase in acceptance by merchants and metcalfe's law (I think n log n is more realistic than n^2 though)
4. Limit on new currency being produced.
In this respect I feel litecoin beats peercoin in #4 and peercoin beats litecoin in #3, it has a longer way to go but it is more sustainable and is further behind so it has a longer way to grow from now.