steemit's first meeting with the market was quite controversial, it's been called a scam from 30% of people and with good reason. Btw Steem is the blockchain, steemit is the site, steemit isn't on coinmarket cap they are a private company.

I think people are just caught up with the usual, so nobody's expecting or paying attention to the huge slew of information the internet is providing, everyone is on their news board and by the time the news is broadcasted it's already waaaay tooo late and I don't even want to get into the bullshit articles "news" reporters write from time to time.