Steem will increase in value but it may be gradual and if crypto-enthusiasts can find reasons to attribute more value to steem. The top 20 curriencies have lots of hype and drafted innovative ideas behind them.
The fact however is that steem was never designed to increase in value but to decrease/dilute over time as supply continues to increase and persons continue to cash out.
Steemit is growing and the future is still bright. It is the first successful monetized social media built on the blockchain.