Steem went from a high-time of $8 to 40 cents.
Steem went from an all-time low of 7.2172 cents to 38.93 cents today. That's +439 percent, 169 percent per annum. Why do all compare the prices from the top? Maybe the all time highs were unrealistic?
The questions for me are:
1 Is there any fundamental value of Steem we could calculate?
2 Why is Steem underperforming other cryprocurrencies?
(If it does, it's a question of comparison methods and time frames again.)
3 How will Steem handle the competitors and how competitors will perform? (Tron, Lino, etc.?)
4 When will Smart Media Tokens come, what importance will they do and how will they affect Steem price and Steem economy?