We are seeing something special in the cryptocurrency world...Bytecoin, the currency that would lagging in market cap and was sitting at 22 now march ahead at #9, people keep saying its a pump and dump but it is showing no sign of slowing down...in fact if you go on to poloniex exchange you would see the crazy orders coming in....
My big picture view here.....while bytecoin is rocketing other cryptocurrency are also on fire... its also reasonable to ask the questions why..... for me I don't see the pump and dump hypothesis playing with these altcoins... I go as far as saying its only getting started....Something significant happen today on WallStreet, Dow fell some 370 points, and the highlight were the big banks.....an gold while it rise, it did not give the spike that people would expect....so where is the money going....the safe haven rise but the expected spike wasn't there....where is the money going 'CRYPTOCURRENCY"....We love Bitcoin we continue to see the rise but we are all investors looking for control and minimal deposits with maximum return and guess what we are looking for potential and that's where altcoins comes in......that's why I believe its only getting started
I would be following this trend and as I said before, Bytecoin is just getting started...I see other cryptocurrency picking up pace and their potential comes to light....let me share the secret, if you follow the blocks and the amount that are being bought...we know we are dealing with some whales and I won't be surprise of their names