Your're 100% right. One good Wolong dump and it is back to square one. However, the good thing about piss cheap coins like Panda is that you can get in for the price of a movie and dinner. If the whole thing dies there is no real loss. If it rises you can sit back and watch the whales play, prices fluctuate wildly, the coin get manipulated etc. without having to worry about losing any of your (minimal) initial stake. If it threads the needle and gets and keeps real value it is time to buy some shiny new toys. I brought into Cinni kind of late thinking it was on its way to the top ten. I'm a bag-holder about five or six times everyday, sometimes for days at a time. Crappy feeling. I'm holding on, waiting for the encrypted messaging, etc.
I know it sounds strange but what about PandaCoin? Three spots below Cinni on Coinmarketcap, rising same basic specs and anon transaction plans, etc. Been green all week and super cheap as well. Everyone looks at Dark and they don't check other stuff on leaderboard.
The volume on PND is piss. Depth chart looks terrible, and a 4BTC sell will send it right back to 1 sat. Rising on low volume is the most dangerous of tricks. Instant bagholder for all purchases.