Stupid pump...really. But it is good to make money.
I understand how it sounds and your perspective, but I still disagree. I think it's setup as a far superior DASH alternative and quite frankly, no one has or can argue otherwise. Apply their market cap to PIVX and it's $15.
Not accounting for growth and block reward deflation.
TBH, I think a $15 target is conservative.
I have not been following this coin, but if the Dev or team is half as good as DASH's then it should have a good future. The Devs make the coin, not the tech.
The one good thing I see so far is the larger supply of coins. The small float made for good price on DASH, but will likely cause it some issue down the road if it is adopted and used widely. The system is sound. Dev(s), good luck and congrats so far.