Valuations are always based on something - current revenue, future perspective, speculation, even on baseless pumps - when everyone knows it is a pump but hoping to get out with a profit. Baseless pumps always crash.
For TTCM we are currently in the reality mode - we all know what we are holding, we know where it is going and have an idea of when we get there. It will take time. If it starts hitting a market cap of 100m again like it did last summer without a real viral usage of the app then it will get back down again.
ttcm !