Why is SOL so cheap?

Could you please enlighten me as to why the price of SOL seems to be quite low? I've noticed that despite its potential and the hype surrounding it, the valuation seems unexpectedly affordable. Is there a specific reason for this, such as market saturation, competition from other cryptocurrencies, or perhaps some unresolved issues with the project itself? I'm curious to understand the factors that might be influencing its price and whether there's any indication that it could rise in the future. Thank you for your insights.