It guess it works both ways. Just look at the chat window on mcxnow for maxcoin. It's a circus for that kind of thing.
Well maxcoin had such a screwed up launch, I don't know how they kept any momentum.
Hype, basically.
Even if today's prices aren't maintained, I'm sure PMC has exchanged a good few hands today, and at some good prices too. This sets precedents for future trades. PMC got some great trade volume and publicity today at the very least. Everything else is a bonus.
To jump from around 100th to 87th in a few hours on coinmarketcap is also pretty fantastic.
It might just be me, but I feel like the jump we saw today was just the beginning. In less than 12hrs we moved more coins than we have almost this entire week. As we climb in rank on Coinmarketcap I think the prices and volume will both rise. Could just be me though lol.
Well, it does at least show PMC's massive potential. The fact that I was actually holding 2.5 BTC worth of sellable PMC today didn't even phase me, and that's more BTC than all the other altcoins I have combined,.
There's also the fact that once all of these dumpers go away, other people aren't going to be will to throw them away at such a low price, but will probably sell if the price is right. Which isn't going to be anywhere near 3k satoshi.