Millions of coins were distributed to short sighted people and on top of that BTC et al have crashed so going to $1 or lower is to be expected.
If I expected that price will drop to 1$ I would sell it after airdrop at 8$ and buy 8x more coins now! Who expected that really? Who believe in project did not expect for sure!
I believed in the project yet at $15 I said it was going to $5 and then I said it was going to $1.
And here we are.
The gravity forces of inflation cannot be denied!