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RE: When Will We See Steem Above 2$ Again?
Well I really feel pained about the low price of Steem
Let's look deeply...Have you noticed the split in reward with Steem power getting a larger portion? For instance from this post of yours, while making this comment, I noticed your earning was $26.62 with a splitting of 5 steem and 5 SBD respectively but with 9 SP
This is attributable to the recent mad and rampant Powering down
Rather than investing more people are powering down
Apparently, prices will bounce back in August
People are powering down because the dev team hasn't "released" JACK for a while. The sign up process still is not fixed and people searching for an alternative to facebook can't join in unless you pay a fee for an account. The cultural expectation is that social media is free. Steemit can't change that and will fail if they try. Other blockchain social media projects are coming into the playground and since steemit doesn't seem to take the competition with facebook seriously, people are powering down and hedging their bets.
Facebook is going to fall to a blockchain competitor. That is set in stone...but will it be on the Steem blockchain? That remains to be seen.