So according to coinmarketcap the circulatory supply of 611 is 432,168 while the supply of bitcoin is 16,743,912 so the total supply of sixeleven is only 2.58% the total supply of bitcoin. Sixelevencoin is MUCH rarer than bitcoin.

Sixeleven is rarer than Byteball Bytes which has a circulating supply of 645,222 yet a price of $330.87 per coin.

Why is the sixeleven price still so low despite it being so rare?
Why is the sixeleven price still so low given that it can be used to register domains?