How many times do people have to see shit like this (ALWAYS orchestrated solely by the criminal owners of Bitfinex) to figure out shitcoins are all just pump and dump scams? There's a lot of scammers floating around in craptocurrency but probably the biggest scam of all are the people claiming digital shitcoins are somehow an "Austrian school" of "hard money".
Anything where your unit of account is a completely imaginary, valueless widget is Keynesian by default. It doesn't matter what the fuck the supply is doing whether it's contracting or expanding. It's the exact same type of monetary system advocated by Plato who was a KEYNESIAN. Aristotle argued against his bullshit and said money cannot be some made up, arbitrary unit and is required to be an actual real world commodity of value to qualify as money.
If there's no real commodity value there, then there's no floor or really any type of fair value at all and it's just a wildly oscillatting game of hot potato pump and dump scam before it eventually craters back to where it came from - zero.