Oh, man. I yearn for the days of January 2018 when the STEEM price was $7.30. There was so much hope and optimism in the air and now, I don't know what to make of things.
At least things are a lot better than they were in early April when I was convinced the STEEM price was going to drop below $1 and thankfully didn't. It got close though.
I think in the long-term, the only thing that is going to make the STEEM price more stable is growing the userbase of the platform, improving the content and solving some of the fundamental issues that the Steem platform has.
in total agreement here... its interesting u bring this up cuz @lionindayard and me were having a few conversations offline talking about long term scaling of STEEM network... he just wrote a post talking about his views on the subject here which echo a number of my own concerns, especially the onboarding process and how we scale the network to the traffic / user volumes of traditional social media...
I agree the platform has issues that need to be addressed but this won’t stabilise the price. Crypto is volatile and will remain so until the entire space is much more mature (and probably at much higher levels). At present all prices are based on speculation!