you can clearly see the coin is being HEAVILY manipulated atm...... but fools will follow into the slaughterhouse.
There is only human psychology involved, not deliberate manipulation. 99% of coins are locked up and can't be traded. Only few coins are available on exchange sites. People see the market value and change in last 24 hours, so they want to buy it. That in return increases the price even more and the cycle continues.
There is no manipulation but human psychology.
No one has enough coins (except the 10.5 million locked up) to crash the prices
The prices are not going to crash before March 25 -- and even then it will only happen if air drop is a scam or very large percentage of icelanders claim the coins and immediately cash out.