This is not a POS coin with hyper inflation. This is a POW sha 256 coin built off of Bitcoin
The community has been growing over the last 10 months and people are starting to get behind the coin, It was recently added to Multipool, Coinwarz.
Since then it has been on a rise and now seems to have taken off, there are only 2 million coins in circulation and a growing difficulty which is helping to increase the price
there are approx 400,000 trading on the market which also increases the price