Price theory

I have seen a few posts made here on price manipulation of BCH. Is there any proof of this taking place or some theory's behind it? I find it hard to believe the price is still this low and stuff like shib and doge have a larger market cap then BCH.

One thing I have noticed is on a lot of exchanges if you look at sell orders and market depth someone is opening large fake sale orders that is making the market depth chart look way off like there is a ton more selling pressure then what is really taking place. These orders only open for a few seconds and then close and open again clearly a bot. This is the same for a few other coins but not stuff like BTC or ETH.

The problem I have with the price is I believe it should be much much much higher because the coins in circulation would be much less then BTC because you have people that probably moved coins before splitting so they are lost forever plus any coins that were mined before BTC that were lost would also be lost on the BCH chain. This would create a even larger delta between supply and demand. So why is the price so damn low?