Well it does seem like there's finally some action. Unfortunately the price is going the wrong way and I don't see any news about why. Alt coin holders are saying their coins are dropping more though.
Alts are flat out getting pummeled. Of course, there isn't any kind of agreed-upon index, but based on some concepts I've been messing around with, if you subtract out BTC and LTC, the rest of the alt market is down 20-30% over the last week.
Right now, TOTAL crypto market cap is 7.905 billion. BTC and LTC make up more than $7.6 billion. EVERYTHING else combined...hundreds of alts, don't combine to make $300mm in cap.
That is partly due to 3 big IPOs running atm. Ethereum, StorJ and Syscoin.