wtf is this coin??? ))))
It's a scam coin with very low Volume and easily manipulated. The rise in price is not organic what so ever. If you buy now you're sure to lose 90% in a matter of days.
I am very careful with coins like that. It is very likely that this coin is manipulated by pump and dump groups. This agressive rise is "pump" period. Soon it will start fall and that will be "dump" period. Price of coins with low volumes can be very easily manipulated as Solrider13 said.
The manipulators don't have to have very big amounts of money to manipulate with price of coins with low volume.
And manipulation works that group of manipulators suddenly buy large amounts of low voulme coins and that coins start to rise in price.
This attracts attention of unsuspecting newbies, and they start to buy coins too. When enough newbies are attracted to buy coins, manipulators start to sell coins as suddenly as they were buying.
And they sell that coins at much higher price then the price they were buying tem for.
At the end manipulators are full of btc, and newbies are stuck with low value coins:(My advice is to be careful with coins that rise so aggressive in price.
Don't buy coins you don't know nothing about.
Inform yourself before you buy coins, have plan to buy coins, and buy coins you wanted when they drop in price. Also I will never understand why people buy coins that are pumping you need to buy the coin before it pumps if the coin is already pumping then you are too late and you are going to be in better shape if you find other coin to buy than to buy these coins that are going to be dumped very soon.