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.
possible that you can still earn but there are more chances that you will lose your money instead of earning with that currency. Better to trade secured and know crypto currency that we already have in the market than, investing in a shit project like this one. Since they are in peak price there are chances that they will sell to you their profit instead of you are earning for their project.