It really makes no sense; before the recent dip supertrader had an analysis of bullish steem at $1.50 for a ~20 to 30 % rise (I think). I followed his trade but ended up depositing the steem here because the rise never happened. With the total market cap we have right now steem should be at $2.50!
I am also wondering myself. ETH and Bitcoin are having all the fun while STEEM runs out of more STEEM lol