Although Is an interesting one but I see no reason for you not to understand this and from this below you said I don't quite understand why this happened. I think that maybe people didn't quite know what to think of the CakePop IDO mixed with some general downward price trends in the crypto world. I don't think that this valuation is very deserved as there is a ton going for the platform and it has really only taken steps forward thus far.
And your summition is quit understood and clear and all you needed to study it bit by bit for propare understanding and may the wisdom of the almighty GOD will be you and his blessings will lead you to success.ameen