Can anyone believe the gains some of the altcoins are making? After doing some research, we realized that the Chinese government recently announced a billion dollar technology expansion, which likely has some of the altcoin infrastructure built-into it as a business model. This could be one explanation as to why some of the altcoins are doubling, tripling, and even quadrupling in value in just a few days. Will the trend continue? It is highly unlikely that the larger, more highly priced coins will continue to split, since it can be quite diffucult, but lower priced coins like IFC, NAS, and EAC, are still below 100 satoshi making them easy dime-baggers for new investors, as well as excellent picks for dragons that like to hoard these smaller batches and sell them at higher prices for profit later on.
There is no better example than what the markets witnessed with DOGE over the last couple days, and the Stability Shares, Emercoin, and VPN in the days before that. These coins went from less than pennies to splitting multiple times!
Are there any dime-baggers left? Many investors are heading to Jubi.com to pickup on IFC, or Infinitecoin since it has been around for quite awhile and it is traded on Poloniex as well, so it is world-friendly, and many people got a taste for Infinite Coin on Cryptsy where it was made popular.
Earthcoin has also been a low underdog pick, and NAS, which is also relatively cheaply priced can be thought of as a choice for those looking to buy in bulk or get some cheap altcoins for the long haul. But hey, if this trend continues, then maybe some of these coins will gain value quite quickly, especially if these volume buys continue. Whatever the Chinese government is doing to promote the altcoins, whether it is commercial buyers, or the whole population moving into the markets is unknown, but the influx of money getting poured into these markets is making it a bonanza for early entry buyers, so what are you waiting for? Are you going to buy some of these cheap altcoins?
Still highly affordable at .00000007 BTC Infinitecoin is one of the last remaining altcoins below .00000010 btc, and is making strides to catch up with the other coins.When the markets are moving into buy phases, traders can often find price discrepancies between the exchanges and try to make a trading profit by working the pairs. In this case, the Jubi markets in China are definitely driving the price up, as indicated by the chart.
Earthcoin makes significant gains overnight.
Will Dogecoin hold its ground above 100 Satoshi?