Should not be the mne Tokens much higher priced than 4 - 5 $ currently?

Assumed that 1 ETH = 350$ when ARTMINE ICO starts and on day 1, 10 MNE = 1 EH = 350$ -> 1MNE = 35$

Current Price: 4$
ICO Price (assumed 1 ETH = 350$): 35$

Don't people trust the project or what's up?