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RE: If Steem was to repeat what we saw in June this could easily push the price of Steem to $17.43 with a Market Capital of $4.3 billion and it would still fall short of its ranking seen this time last year..!!
If Steem were to go up. Then I it would definitely be a big pump. Steem is currently quite unknown in the general crypto community.
But if Steem manages to crawl to about $15, it will get noticed by a larger public. Who will see a thriving community. With quite some third party apps in development. Pretty good recipe for a investment is you ask me.
So new investors come in, which is going to lift the price even further.