Its not only MUSIC which is in this situation. Its pretty much all Cryptos. MUSIC isn't as bad as most of the ICOs which were released in 2017 and people are sitting at 99% losses from their investments.
MUSIC has an active developement team and most of the ICOs did not. The only issue in my opinion with MUSIC is the large supply that enters the market everyday. In my opinion the supply should of been halved more frequently because its mostly miners dumping their MUSIC and a clear lack of buyers in this year long bear market.
Until we see Bitcoin and ETH reach a new weekly high, there is much panic and all altcoins will keep suffering as a result.
I understand your point of view but what worries me is the exchange situation other coins are kissing the floor too but at least they are listed on the exchanges
But Musicoin closed at Bittrex and now with Cryptopia closed, there is no active market for the coin and it's very bad !
If you believe in the coins future then consider its a good thing. Since there are no active markets, it means there are less miners and the difficulty is less.
So you can mine now or just rent some hash to mine it and you will get more MUSIC coins. Yes the price is very low but who knows we might hit the ATH or come close to it in the near future. We just need the developers to continue and the best would of been getting more known artists to start using it.
Imagine if tomorrow Katy Pery or Eminem started using MUSIC because they weren't too happy with their music label. Its a game changer. I am not saying it will happen. But its a very low risk and very high reward.
If you look at other alts like TRX or EOS or XRP. They are all expensive in my opinion and the profit potential just isn't there.
