Actually all crypto market is going through down trend. Mother currency like Bitcoin is going through down trend that's why all altcoin price are not stable and people are getting panic and selling Altcoins. Steem is also a part of this bearish market but don't need to worry once Bitcoin bull come all altcoin will follow uptrend with mother currency Bitcoin . It's just matter of time every coin will recover who have working product like steemit. Steem coin is genuine project and they have good team that is why price will increase sooner or later wait for Bitcoin bull run.

I know you are thinking steemit community growing but why price is not increased there is reason when bearish market come old people sell theirs fund before panic sell and once old people sell new nobes are getting panic and they also sell that's why bearish trend win. But when price goes all time low again old investers come and buy at cheap rate then price will start increaseing its life cycle of crypto community. So don't worry price will recover wait for good bonce back.