The projects have almost nothing to do with the price of STEEM. It depends on the market and how trades are made. If there are more investors and what people want to pay for the token. Look at bitcoin, so many applications in the earlier days and had very little impact on the price until more and more people invested in bitcoin. But that should change when SMTs is released and in theory, projects should have more of an impact on the price of STEEM.
The projects have almost nothing to do with the price of STEEM. It depends on the market and how trades are made. If there are more investors and what people want to pay for the token. Look at bitcoin, so many applications in the earlier days and had very little impact on the price until more and more people invested in bitcoin. But that should change when SMTs is released and in theory, projects should have more of an impact on the price of STEEM.