Steemit is a totally unknown Social Media Blogging platform based automatically around a BlockChain.
The price of Steem cannot be in decline when it was purposefully overvalued in the initial phase.
All Steem has been doing is moving toward its own natural price point according to the economic law of supply and demand.
Just because people are preconditioned toward fear and the herd mentality, they are shown graphs that have no basis in reality (such as a trend line going down) and everyone starts running around like chicken little screaming the sky is falling . . .