The price is just reflecting bad to everyone that could potentially be interested in musicoin. However, when price looks ugly is a good sign it could be time for a bounce. Yet, that's how 60 sats already looked relative to previous prices and here we are sitting at 47 sats. New blockchain based music platforms are coming out with unique value propositions and musicoin needs to differentiate and stand out from the rest if it wants to survive. For all we know, this could be the dump price needs to bounce, specially with ice age around the corner.
I think the reason why the price is low is due to the very thin order books. If you look at Bittrex order book for MUSIC you will see that if someone market buys 50 BTC, the price would basically go up 300%.
This isn't the only coin with this issue. Basically its a great time to buy, but many people are scared because they don't want to lose money if it goes lower. Basically what happens right after stock markets crash. Then there is also the fear that bitcoin itself can break the $6000 and head lower and people will be sitting at an even bigger loss.
This is the reason why during the crypto boom, every alt coin went crazy because it was the complete opposite. There was a shortage of sellers and so many buyers, which is the complete opposite right now.
It might be the low or not, but you won't find out until in hindsight.
Its still a great project and I am looking forward for all the developements.
