I believe the reason for the low price, among others, is the amount of dumping that is taking place by people who keep a core position but sells the staking. Which, longer term helps the distribution and could result in a steady price rise if the devs continue delivering like they have done, with some probably unnecessary bumps, up until now.
The biggest holder is probably Bittrex, who is staking mad amounts of coins. Their business model is not holding alt-coins so they most likely just auto-dump them on their own exchange.
I
asked them about this but didn't really expect a reply, and unsurprisingly no reply yet.