Well if you see deflationary coins paradigm then it very much clear that they are created to be bullish and volatile. There utility doesn't matter, all you need is to keep these coins alive till there quantity goes down to some level. The party will start once there supply surpass there demand.
I am following this coin for quite a while but haven't seen any moment in this coin till date. I am not very hopeful about this coin and chances are that may be the team behind this coin has left it and now this coin is on its own. If there is any moment left then this coin must have shown some respect for the investors.