RE: Steem has been declining for quite sometime in dollar term. Momentum is also down but right now steem is trading at $3.3 which is also a solid support level. If this level breaks then Steem will touch a new lows.

I think that steem has a great potential, however, is being severely tainted by greed. Most of the content trending is about steem itself. Thats like going to facebook and see everyone posting about facebook. Also, newcomers are being pushed away and their motivation crushed when they keep commenting, posting good content, but they don't get recognition or votes. If this keeps happening, the value will drop and steem will be pointless, I just hope that it doesn't happen cause I have a lot of faith on this project.