You have a point! In comparision, other blockchains out there are doing good based on their future use and the value of their coins, but they do not have anything to involve the user as steemit does. As an example, Ether did well because most were excited about the potential of a smart contract and the coin prospered.
But here on steemit I can see the interactivity and engagement it has the potential to bring, which should be the singular reason for valuation to rise in the future.
We have the potential to grow but we also must pause and figure out why present statistics paint a dismal picture as to user on-boarding and retention.