It's a good development, but I suspect the price will not really rise until there is some news that drives more people to want Steem. When Steemit is ready for millions of users then it may take off. Otherwise it just follows what the general market is doing. Maybe you said this in the video, but I can't watch it right now.
I see people getting scared when the price drops below $1. Those of us who remember Steem at 6c (just a few months ago) will laugh at them :)
Yeah, I remember $0.07 STEEM. So $1 is fine with me. In the end though investing is a gamble. I believe the steem blockchain will increase in value a lot more and therefore I stay invested. Investing in an early stage brings risk of course and also greater rewards if you are right.