At this time, all the prices of cryptocurrency coins are very low. because of this result, many cryptocurrency holders are more profitable. Prices are always influenced exclusively by requests and offers. But that is what influences demand, this is what no one knows.
Low prices are actually more like a reason for demand to kick in. I am sure I do not need to really start giving better instances than what is going on in the market currently. Like you mentioned, the market and most especially the altcoin market has been beaten badly and most of them presently has hit their historical bottom with a bounce and some already coming up with good volume.
It is a market, people and most especially traders and knowledgeable investors will be looking for the best opportunity to get in and out of the market at any point in time which is what makes it advantageous, but at the same time requires some pretty huge knowledge, otherwise it would be the other way round.