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.
I don't think , PNUT will replace Bitcoin because the only altcoin that is close to Bitcoin is Ethereum but it will not going to replace Bitcoin than to continue maintaining the second position among other cryptocurrencies. I know many investors made a huge amount of money from that altcoin that make some investors to increase their capital, because they know that it will increase higher in the nearest future. Is like you don't know how those altcoins use to display in the market, Sometimes they will increase to draw the attention of others investors by giving them a massive increase that will make them to double their capital before it will start decreasing to disappear from the market which is what PNUT investors will going to experience soon.