I'd venture that if we see more and more use cases that actually tie up Steem tokens through things like membership fees to games, or things like genealogy or other "utility" front ends, the supply of "loose" Steem will soon enough dry up and send the price trend upwards faster than inflation can catch it.

And then, of course, we're also in the ongoing cycle of financial markets... I think we're at the very edge of value investors taking over the driver's seat from "gamblers" and speculators.

We may not have when Moon? anytime soon, but I wouldn't mind seeing a long period of gradual increases...