The reason why this coin climbed in value in the beginning was because of the hard work the dev put in, you can't possibly deny that.
Actually you are quite wrong; the reason why this coin climbed in value at the beginning was because it was hyped by the Pr0metheus operation with his on payroll Dan Metcalf on board doing the anon. The group bought in cheap, hyped it with Metcalf and then-fad-of-the-day anon feature (all known to the dev, of course) and proceeded to dump at the top. Typical P&D (with the dev in their pocket and gladly participating in the process).
This guy has no shame.