Capital On the Move
Bitcoin capital is on the move, as the price of some top altcoins have been given a boost in the wake of Bitcoin’s price slump. Increased altcoin capitalization coinciding with a Bitcoin price decline may not be a coincidence, with cash potentially flowing out of the BTC economy straight into other cryptos.bitcoin-august-14th-long
As evidence of this, the so-called “3.0 cryptocurrency,” DASH, has seen the biggest price jump of the month. The currency began the month of August trading at $9 and rallied to $15 before downward price pressure brought it back down to $13.
Meanwhile, the distributed-computing MaidSafeCoin was also given some momentum as it climbed to a high of $0.15, which was double what it was in the beginning of the month. However, it too has taken a bit of a tumble since then, with the price now back down to $0.10.
http://bitcoinist.net/36052/