Is google+ dying?

Within the first few days of the launch of Google+ the site received traffic as high as 1,200%. However, since then there has been a drop in traffic by 60%.

Why? Is it that everyone joined google+ in the beginning to realize that everybody was still on facebook? Then turned back to their old social media site? I think that's why. A facebook page or google+ account is only worth as much as the friends who will talk to you there.