It's a dash clone, nothing to see. And since it has low market cap it's an easy pump as long as greater fools come in.
Which scenario is more likely.
1. PIVX just cloned Dash, manipulated the market to a $100MM cap and will imminently crash.
OR
2. PIVX launched fairly (the dev didn't instamine 20% of supply). The developer, anyone working on the team, the early adopters had to BUY or MINE their PIVX before transition to POS. Took the Dash codebase and improved it. Built a decentralized community of volunteers who support brand, marketing, web, design, and development channels. Grew price organically (with not one member of the core team dumping their stake). Introduced innovative roadmap with Zerocoin integration and added privacy features. Didn't switch from being a anonymous focused crypto to a 'paypal of crypto' (without community involvement no less).
Dash has become a centralized joke that is facing a slow death. I dumped all my Dash holdings on some sucker at 0.1 BTC. Bought more PIVX masternodes. Never looked back.
PIVX will replace Dash not because PIVX is that much more innovative than Dash. It is because PIVX did what Dash couldn't; launch fairly, build community, build democratic consensus, stay true to the investors.