If you look at the charts like you said you can see that the Spectrecoin is already on the rising curve. The drop down was the perfect time for the new investors to buy low. I believe that because of that fall in the price Spectrecoin demand has tripled. I don't know the real reason behind so big drop.

I remember their whitepaper which I have read when the project was still in the ICO phase and it was for sure promising so I don't see why would this coin die. The developers were thoroughly committed to the project and there is no reason that the scammy business is involved here.