When you check trending at coinmarketcap you'll see that almost every coin added up to 7 days ago is in red. It's normal pattern of new coins. It's a snowball effect when people see that price is falling they are desperately trying to quickly sell at some profit. Everybody just thinks that price of the coin can only go up and up and they are not prepared to hold.
Selling at $1,70 is nonsense but people are still doing the same..selling when it's low.
It's hard to say when will the price go up, but this is not a scam or shitcoin made only for fun. There is active team with real project and when people start to realize that, the price will go up. Infrastructure in the form of exchanges is already here so we just need a bit of marketing and hype