“A ‘cryptocurrency’ craze has spawned more than 80 entrants, from peercoin and namecoin, to worldcoin and hobonickels. In October and November alone, developers launched gridcoin, fireflycoin and zeuscoin. Bbqcoin has enjoyed a renaissance after a false start in 2012. Litecoin, launched in 2011, has turned into the strongest bitcoin alternative.  Many of the new coins trade on exchanges such as Cryptsy, of Delray Beach, Fla., a unit of Project Investors Inc., and BTC-e.com. Cryptsy founder Paul Vernon said his exchange has handled as many as 33,000 trades in a day from enthusiasts such as Mr. Thomas.”

http://online.wsj.com/news/articles/SB10001424052702304607104579210051252568362

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