FTC had a really good start until people started dumping massive amounts however am sure this will go back up to a good price again. People just cant seem to wait with stuff and they would rather pump dump stuff and can easily kill new crypto currency's. I welcome new crypto coins that come out some I agree with others I do not agree.
FTC had a ridiculous start. It took LTC like 2 years to be worth more than $0.07, there was no reason for FTC to be worth $0.50 in the first week, plus there's 200 coins per block so 4x as many of them, the current $0.20 is way overpriced still and people will soon realize how worthless they really are. As far as real value, they should be $0.01 at this point.
You use these "shoulds" and "reasons" like there is some underlying pattern things have to follow, based on how things were for a different coin at a different point in time. Time changes how things are used. It seems to be an established practise (I'm sure someone's even written down a business plan) to make a coin, mine it, wait for people to hop on to make a quick buck, gather momentum for a day or two, start a google docs trading sheet, then dump for LTC. Easy LTC, 10s or 100s of times more profitable than mining. A tool is a tool, and can be used not just how it "should" be.