What do you guys think about this coin ? https://coinmarketcap.com/currencies/dubaicoin-dbix/

This coin has gone up a lot since it's release. Do you think it's legit to invest into it ? Seems like the initial coins were sold for a high price and the volume was increased as the price raised.

I'm a bit suspicious about the backing and about the low circulating supply. There's been no news coverage or anything about this coin and is only traded on one exchange...

What are your thoughts ?