It is
Covesting that still in ICO stage 6. Some people speculate this will hit $50 when listing in the major exchange. Covesting is Etoro of cryptocurrency trading, first of its kind. I recommend you soon grab your token as the ico will end.
People who have invested there or bounty participants may spread like that bro but you have to check the white paper information explains that what kind of project it is! What would be expected integration they gonna do in their future project information.
Most of the ICO use to scam the people who have invested on the token sale. So check with the multiple people whether it is a legit project or not.