You are definitely right. The price of the dominant cryptocurrency, Bitcoin, has a huge impact on the market of all cryptocurrency. STEEM is no exception. However, there are other factors as well. For example, during the last bull run, the price of STEEM was significantly higher. Let me guess that the maximum price of STEEM of this bullish phase (if it continues) will be much lower than the previous one.

We have a lot of work to do to increase the appeal of Steem. This is the task of each of us 🙂.