Of that there is no doubt, when max and bill are taking about it in the media, you only need a small proportion of people to come in and buy some. There are not billions of these coins to go around you know, even the coins with billions upon billions are sky rocketing in value. QRK was undervalued massively for months upon months howver this actually was good for the coin because everyone had a chance to get some and a few did. I hope it smacks back to about 8 cents for even wider distribution because it will be all the better for the coin, but long term it is head to new highs.
What you are seeing in all coins right now is some profit taking from early adopters, they cant believe they mined 20k worth of a coin in a few days or weeks, however once they have all dumped their load then it is only going up. Even now though with the dumping most coins are in the green every day, most days their value is increasing even with the dumping phase. When that is over that will be the end of cheap coins.
+1
I personally don't think we need a fork. Quark is designed in the way that most of coins are mined in a short period of time. In this way, the value of this coin is going to stabilize very soon. Also, the 0.5% inflation helps the circulation (instead of hoarding) of this coin. Quark might become the first mature cryptocoin on the market. These properties make Quark the No.1 choice for merchant use.
Bitcoin and other coins with a long mining span does not has this advantage. Obviously no one is willing to spend Bitcoin since it is expected that Bitcoin's price is going to rise. Everybody wants to hold. So Bitcoin itself is more like an asset rather than a currency.
If you are still confused about the "premine" question read my post here.
http://qrk.li/hhdm7