After browsing some charts, it was clear that Archcoin suffered from a major selloff, but what’s deal? To investigate a little further we went to their website http://www.archcoin.co, and were re-directed to this Bitcoin Forex trading site:
Is Archcoin going to the be the gateway coin for the money markets and international exchanges? Or, is this some sort of affiliate link?
Regardless, stumbling upon this site and taking a quick look offered a unique perspective on some of the ways teh altcoins are diversifying the trading business, and given that there was a recent selloff, hedgy investors may look at getting in on ARCH while it is still on a down-note. However, it is tough to say whether ARCH is directly running this broker site, or just redirecting traffic, and only time will tell.
In Other News
Bitcoin has made some gains over the last few days, and recently bumped back above the $400 USD point, and is fluctuating on a range between $400 and $410. Radium, (RAD) is also one of the top gainers, as well as OMNI, MAID, NAS, and GameCredits. Some of the top losers are Vanillacoin, Ether (dropped below $5 USD, and Qora.