In my opinion, we depend on the general trend of the main cryptocurrency. STEEM does not grow against the general trend, so it does not fall against the general trend. First of all, if the main crypto-currencies (bitcoin, ethereum, and so on) begin to grow, so will STEEM.
In addition, you need to get rid of internal problems. They are bots. Secondly, to increase the popularity of the platform - fresh blood. The greater the demand, the greater the supply.
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This is mostly true, but over the weekend all of Dan's coins were down about 17% while BTC and ETH were down more like 7%. So while whether things are generally heading up or down may be set by BTC, there are independent trends in specific altcoins and groups of altcoins.