Yes you're missing one thing, this price has no meaning in reality. The trade volume is only $150k which is extremely low and the only platform doing this features is hitbtc, as usual. The price will be dumped so so hard.
price are manipulated to show ignis has a value but once
airdrop are distributed price may go down deeply even more lesser than nxt lot of people was fool in nxt buying 13-19k sats that where not able to sell when price go down and thats include me