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.
PNUT has done very well since coming to the market but no coin can ever threaten Bitcoin no matter how well it does. Bitcoin is the first and top number 1 coin in the crypto world and many developed countries in the world are accepting Bitcoin as a legal currency. So I don't think any other coin will ever have the ability to surpass bitcoin in terms of popularity or marketcap. Although ETH is very powerful, it has never achieved the same market cap as Bitcoin. there's how you see PNUT as a threat to Bitcoin