Aurora Coin (AUR) is on a meteoric rise right now.

Aurora has seen its value shoot up over 1000% in less than 3 days on CryptoRush.

AuroraCoin’s value has gone from 0.006 BTC on Thursday to over 0.06 BTC late Sunday night.

According to http://coinmarketcap.com, Aurora Coin is currently the 3rd most valuable coin with a market cap of over $395 million!

It has shot up past some very popular coins including: Litecoin, Dogecoin, NXT, and Quark,

The market cap places the value of each individual coin at $37.25.

What’s so Special about Aurora Coin?

Aurora Coin was developed as “a cryptocurrency for Iceland.”

Iceland is a noteworthy country that was hit very hard by the banking system collapse in 2008. Iceland has a history of extreme volatility in its currency.

The goal of Aurora Coin is to become the new currency for the entire country of Iceland. The coin is 50% premined, with 100% of those proceeds being sent to Iceland.

This is very ambitious, and this is probably also why the interested and value of the coin is seeing a huge spike.

If Aurora Coin pulls this off, they stand to be the most impactful cryptocurrency in 2014.

The plan is to “Airdrop” 50% of the coins to Iceland.

A more detailed discussion of the specifics are here: (http://auroracoin.org/blueprint.php)

Can Aurora Coin Live Up to the Hype?

It remains to be seen, but if the value of the coin is any indication, Aurora Coin has a bright future ahead of it.

What are your thoughts? Is this coin destined for success, or will it lose its luster?

Comment below with your thoughts.