I have often wondered why steem is so undervalued (compared to other cryptocurrencies). Especially with the focus that Steem Inc. is giving to their market. You mentioned above the comparison to ETH, but compared to Bitcoin, steem is far superior!
The Bitcoin Dev's always seem to be infighting such that they are not listening to what the market wants and as a result, transaction fees and time makes it almost unusable.
With the SMT's starting to be released, one of the best online wallets, zero fees, 3 second block times, etc etc, I see it as the crypto to compete against.
The only "competition" I see for steem is EOS. (The irony based on the founder is not missed). But in the free market, competition is a good thing.
At the moment I think it's far superior to anything else for the reasons you stated. I'm happy to see that this is starting to be recognized by the markets. Will EOS have an effect? I'm not sure.