I have a couple of questions about the recent price rise.

I noticed that yesterday (April 2) the price rose in a 24 hour period from 18 to 308 satoshis.

I am wondering why? There was heavy volume on Poloniex of around 200 BTC whereas usually PIGGY is under 0.5 BTC. So it's not as if the rise was due to one or two orders of a couple of BTC which you often see with alt-coins. There was genuine community interest.

At 00:00 GMT on the 2nd, the price rose from 18 to 308 in a matter of minutes before falling to around 130 and hovering around this level for about six hours before falling. Even now at 19:00 GMT on the 3rd, the price is still around 40 satoshi.

My second question is whether this rise was predictable? In other words, was it based on something "real" (new news) or just some irrational market sentiment based on FUD and FOMO?

FWIW, I have looked at PIGGY before and think it's a great idea. I didn't buy because of the very low volumes and thus poor liquidity although, quite obviously, I now wish I had.

Thanks for any suggestions / speculations / ideas about why the price rose and whether it was predictable.