Basically this coin has a lot going for it, with one exception. It needs AN ACTIVE DEV.

Seriously worse coins with nothing innovative are worth more because of active community devs, good web sites, places to buy and spend the coins. That's how you build value in a coin.

This coin has a large trade volume considering it's not even a couple of weeks old, the dev's need to concentrate on getting the other bits in place and the price will increase substantially.