The value is low because every coin mined today is one-sixteenth as valuable as a coined mined at the block reward peak, assuming a static difficulty.  You need difficulty to rise 20% every two weeks (on average) to offset that.  The coin started at a net hashrate of about 1Ghash.  If the net hashrate isn't 16 Ghash by the six month, the current miners' coins will lose value.

If the net hashrate doesn't rise to 2.2 Ghash at the next doubling, an increase of 65% over the current rate of 800Mhash, the coin will be done.