It seems a lot of people are picking up millions of shit coins hoping that even a rise to $0.01 will make them rich simply by the volume they hold and it appears to be working.
Here is the table for the lowest priced coins on Bittrex
As we can see ALL these cheap coins are in the green.
You might think so what they have gone up from $0.01 to $0.04, but that $0.03 difference is massive when you hold hundreds of thousands of them.
Buying a few thousand of these last night would of made you a tidy sum. But it gets better. The BIG BIG money is in the ultra cheap coins such as PACcoin, this is currently 0.00000002 BTC and as you can imagine you can easily pick up a few million on the cheap. Now imagine this coin went to $0.01?
You may think that is utter crazy because it's a nothing coin but if everybody thinks the same and enough people buy in then this could actually happen.
What a time we live in, it's the wild wild west out there.
As usual thanks for listening
Happy Steeming Steemers and Steemettes.