I actually agree with your point I also think that coin was overhyped and overbought
I do not, while there's a bit of lack of transparency about the reality of decentralization of certain NAV features this coin has a very small market cap compared to some of its potential competitors.
We're talking about a 57 millions market cap on a coin that has much more features and much less point of failures than 1.150 Billions monero or 650M+ Zcash.
I think that Nav's real price should be easily around 5 to 7 times higher given the current competition.
I also follow NavCoin's github and the amount of development on this coin is huge.
https://github.com/NAVCoinWhat it lacks is decentralization on master nodes and marketing and I follow this coin from years.
Realistically speaking I find Navcoin a much more robust project (and more valuable) than pretty much all coins with a higher market cap.