Low volume currency , they can easily manipulate the price by giving fake trades and increase the price that way. Its not an honest trading views this just manipulated by owner or one of the supply holders so they can exit with high profit selling it to other traders.
No legitimate currency can give that profit in a day only shit coins do that.
So, If I want to invest in this, is it going to be a waste or I can have profit as well? Thanks.
It is faked so there's nothing for you to gain unless you are keen in checking the actual volume of those altcoins. If it is 100% legit then you're going to profit from it but it's unlikely. It is better for you to avoid such coins which you think you can gain 1000% gains because it's unreal.
Remember the good old quote about investments that are too good to be true.