This is a realistic price for the coin at the moment.

The real purpose of the Raven blockchain is right there in the title of the ANN thread, Asset Transfer. We are waiting on the DEVS to test the Asset Layer and once they are satisfied it can go live. This is when the coin actually has value.

Currently what the miners are doing is creating a strong robust network, so that there is something secure behind that Asset Layer.

The problem right now is that there are so many miners out there who just mine for the profits that day. Nothing inherently wrong with that but with a high volume of coin generation per day it can really drive the price down. So, no RVN isn't dead, some of the initial hype of the x-16R algorithm has faded and there is a lul between noticeable developments from outside the community.

People just have to decide if you want to get in early in hopes of seeing the project go further, do you mine something established to get a fairly setamount unless you HODL ( and for how long), or do you go chasing the pumps of random "coins of the day"