Out of nowhere, it came and is under top 100 coins based on marketcap. I find the situation very funny. With this rate of growth I would not be surprised that in few months, it replaces Bitcoin and becomes number one coin based on market cap.
No way I support such coins. If crypto has to survive for long, such coins should not be supported. The success of investors investing in these type of coins should also not be celebrated because it leaves a wrong impact on mind on new crypto investors.
from monitoring the market I think PNUT will not be able to compete with bitcoin, although the movement of this coin is quite high, it is only temporary because in the crypto market going up and down is a common thing, and is not enough to be used as a guideline for the future, PNUT is a meme coin which is certainly difficult to value at any time the price can change according to market conditions.