If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.
Its price continue to decrease because of its high supply. But we can't remove the fact that many crypto users want this coin because of its functions. It is also being used to do transactions because of its low fee, even if it is considered as a meme coin before, it still continue to stand together with other new crypto and still remain as one of the oldest coin alive in the market.