EOS price rallies 100% following a proposal to increase staking rewards

A proposal to boost staking rewards and increase the inflation rate triggered a 100% rally in EOS price.
Source: EOS price rallies 100% following a proposal to increase staking rewards (https://cointelegraph.com/news/eos-price-rallies-100-following-a-proposal-to-increase-staking-rewards)
Would appreciate your opinion about this