There has also been an announcement of polkadot recently. And you see, it's currently priced at 17$. In the last 7 days it has gone up by about 80%. And it is at on top 4 position. So give your comment about polkadot (dot token).
I think this is just a start of their parachain ecosystem. They are not even started yet and their market goes wild. This is mixture of Hype and fomo of course. Lots of people are being dragged or influenced by the speed of market increase on polkadot price. Even I surprised how fast they already in span of few weeks. Consider that we are entering the altcoin season, then there is a chance it could also surpass tether provided they had a case with sec already.