Unless Factom releases M2 in the next few weeks, FCT will go back down to below 0.003. Factom rarely gets a sustained pump like ETH. The last huge pump was the one in the March when FCT got pumped from 0.0025 to above 0.008.
I remember that pump. There I was, looking at the chart and the implied Bitcoin values of my Factoids...and building castles in the air while shouting "MOOOOOOON!" in my head...
Make of this what you will: this current uptrend has so far been sustained, even though it looked shaky several hours ago. Also, the short sellers are back in force. My perspective on them is a weird one with respect to the usual rules of thumb, but from what I've seen they're tactically smart (shorting in force after a very-short-term leap) but not so smart with respect to the trend: they prefer fighting it. This fight-the-trend stance of theirs could result from them remembering how the previous pump collapsed, or it could just be that they're scalpers: taking micro-profits by pushing down a leap. Likely, both reasons apply.
(There are short-seller bots: one of them has the...charming habit of borrowing in a very large collection of very small amounts. Because of that bot, my "Active Loans" box is crowded as s%&!.)