Despite the fact that project looks solid and the team has experience, it is a bit sad to see that price is now below the ICO price but anyways I hope that prototype development and presentation, maybe screen shots how it will look like will give some emotional support to holders. By the way, not so much activity in twitter, I wish team could be more active about project's progress in it.
price is low due to China news and all chinese altcoins are affected by it not just OAX, add recent bitcoin crash to that. I think it would take another month for it to recover but who knows.
The price was tanked well before the news of China regulatory changes. Basically the moment this hit binance the price was floored.