If you are monitoring that coin then you think that it's good to buy it, you have to buy it. As you say it's from $3, that was its launching price and then it dropped a lot afterward. Yeah, looking at that perspective, you think that it's good to buy it.
Hence, the level of preparation base on the alt-coins accumulated will determine profits returns in the near future.
It's like another lottery when the bull run market arrives. That's why if someone chasing to own some altcoins before the bull run and checking coins like this, it's your preference and make sure that you have done analysis for it.