Personally, I suspect that the biggest factor is that the altcoin community is terrified of the impact ASICs will have on mining, exposing coins to 51% attacks, etc. What Fluttercoin is doing (like Blackcoin and a few others) with PoS and PoT seems like a promising solution. In the same way that people flocked to Litecoin when it developed a mining algorithm resistant to SHA256 ASICs, they are now flocking to coins that counter the emerging threat of Scrypt ASICs.

I've been focusing on Dogecoins, and the ASIC thing is definitely a big topic of conversation. I bought a bit of FLT and BC yesterday morning, just to see what would happen, and it's been electrifying. I'm now all in, for the time being.

I think FLT may just keep rising until the Scrypt ASICs come out in full force and it either is or isn't the zombie apocalypse. If it isn't, I'll hopefully be able to switch back to Doge with profits made from FLT in the interim. If it is, then my guess is FLT will continue to skyrocket. Either way, I think this is the place to store value over the next couple of months.

For those of you who are committed FLT-fans, I think this security from ASIC threat is a major, major selling point and ought to be the focus of your marketing and outreach to people scared of the impact on other altcoins.