Over rated blockchain. Too many people are thinking that parachain will bring huge demand again but they're wrong about that. If you're expecting a huge growth from para chain and that's really wrong opinion. Parachain was the most complicated idea that i have ever seen just to fix or scaling DOT blockchain. People are buying parachain to only connecting into the relay chain and that's bad mechanism. I think that $500 may be possible kusama but to be honest the idea of parachain to connect it into the relay chain was a garbage idea.
This blockchain and polkadot was too complicated. It was making something easy to be solved through complicated way. that's why people are prefering solana over this blockchain.
The small amounts of total supply was only helping KSM to make its price sustain.