Ignis had a bit bad luck, because only a few days after it was "liberated" to trade at Bittrex the whole cryptocurrency/altcoin market crashed, and "weak hands" freaked out and dumped. The fact that it was distributed as a kind of "airdrop" didn't help here. There is still a "mini time bomb" because it was still not added/rewarded by Poloniex, until this is not resolved the market has not to be viewed as "fully normalized".

In my opinion, it will recover when real usage is found. Ignis - because of its superior scalability to other coins - is a good currency for regular payments of goods and services. It is a better alternative to coins like Bitcoin Cash, LTC or Dash. So people who want it to succeed - above all, the Jelurida / ANG team - should try to get it accepted by payment processors.

Then obviously it success depends on the success of the Ardor platform as a whole. For example, an addition of AEUR to major exchanges (as a competition to Tether) should also bring new users and could trigger a market recovery.