In my own opinion, I think the owner of Sportstalk played a very significant role in brining the price this low

First and foremost, he selected power abusers working as referees. Their hostility has chased some stable members as well as potential members

Secondly, the fact that no plan is made to promote the platform is one of the problems the platform is facing. Since Sportstalk is benefiting from the natural traffic of steemit, the founders think is enough to make the platform moon without having any plan to promote it

Thirdly, the token supply is outrageous and the burning process is not effective. Imagine! We haven't even burnt 30m sports in eight months

Lastly, the fact that the sports token doesn't have any other use case is the reason why people are dumping