Should I keep it in the fridge? Should I constantly discharge and recharge? Should I keep my hopes up or should I buy a new battery?

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Buy a new battery – kobaltz Jan 5 at 1:32
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There is no hope for li-ion batteries in my experience, if they get old, they just get old, buy a new one, recycle the old one properly.

Li-ion batteries usually last a finite amount of time, regardless of use, though use will speed up the degradation process. Unfortunately it's just how it is. Read here for more on Li-ion batteries.

http://electronics.howstuffworks.com/everyday-tech/lithium-ion-battery.htm

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