Not sure what you mean. Steem has not been appreciating as much as all the other altcoins out there. That does not mean that we do not see HUGE value in it. I think that Steem is one of those tokens that is VERY under priced by the market.
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To be honest I just recently found out about Steem and did not really think about it as an actual currency.
I think of it more as a participation token which allows you to use this wonderful platform as well as to participate in its growth :)
this is the same case with me i was also wondering !!
That's the good part.
as long as Steem keeps printing coins, hard to say its considered under valued
But all coins are being printed until their caps are reached...
And until they hit this hard cap its hard to says its undervalued
We need a a lot of inflation. This engages writers to keep writing.
steem is overpriced as per economic standards .. its just getiing ssssteeem
I certainly can appreciate your point of view. As the joke goes, our opinion on the price/value of anything is dependent on if we are buying or selling it ;)