Are Altcoins becoming the new "Penny Stocks"?

[daniel244king]

There are over a thousand companies and stocks listed on major U.S stock exchanges.  Despite tech giants like Apple (APPLE) and Google (ALPHABET) having near trillion dollar valuations, its has not taken away from the other approx 20,000 other stocks sold on various exchanges:

https://www.quora.com/How-many-publicly-traded-companies-are-in-the-world.

There are only only approx 900 Altcoins in the world compared to 20,000 U.S stocks.  

Bitcoin (BTC) has a valuation of approx $40 Billion USD but smaller Altcoins like FOOTYCASH (FOOT)  and Tatoocoin Limited Edition (TLE) have seen 5000% increases in the past week.

Are Altcoins becoming the new penny stocks?

[daniel244king]

I think we should stop calling them "Shitcoins" and recognize their real value and potential.  

Just like any stock on the stock market - a company can turn a stock around and increase it's monetary value; the same can be said about altcoins.

Lets just call them "PennyCoins" instead.