Any specific development related reason for the price increase or is it just more people buying and it will likely drop back down in a couple days again?
Either way go XEL!
Well if you check the price chart for last 2 months, you will see that this pump&dump rollercoaster, in 10-15k sat range, happening almost every week.
That is true, a lot of manipulation and accumulation going on by whales but it is so awesome for day trading. A lot of noobs are going to get burnt by bots before the next update by the devs. 270 BTC buy orders, it was 150 yesterday and I expect it to go back to 150 tomorrow with a slighy drop for more accumulation, so much manipulation.