Is VeChain (VET) dead?

I bought VET back in the height of 2021 at £0.11 per coin. Today we’re sitting at £0.012 per coin, so I’ve lost majority of my investment.

I’m wondering is this worth me bringing my average down or is this coin dead in the water?

Last year when BTC rallied, VET went from £0.01 to £0.06, which if the same thing happened, I’d recoup most of my investment. However I hardly see any backing or following behind VET anymore.

Would appreciate some views – and yes I appreciate this isn’t financially wise, and obviously risk losing more money, but I can drastically bring my average down right now with only a small amount of money.