I would trade at 100 BTC per 365 minimum. Have no idea what for people trade it for 5 BTC. That's pure madness.
thats called panic...
and it is usual when new coin starts directly on market

42 coin SPEC
Scrypt
42 coins Max
365Coin SPEC
Blocks Per Day: 1440
Total Mintage: 133225
Currently 42coin is worth to cryptsy 80 BTC, the biggest price was 121BTC
42 coin is actually 42, and 356 coin is really 133225.
Start thinking realistically
42 hit almost 2000BTC when it was put on Cryptsy. It has been slowly declining since but it's disingenuous to say its height was 121, when it has hovered at way above that for good periods of time.