with the current rules in place, there is a ton of demand to own steem power.
That is apparently false considering that the broader cryptocurrency/blockchain market has increased in value 10-20x and Steem is languishing at $1 (very recently there has been a bit of increase). Our ranking on coinmarketcap has dropped from around #5 to #35 (not a perfect ranking system by any means, but we aren't trying to assess a fine distinction here either).
There are real reasons investors are putting their money into other blockchains and giving Steem a pass.
Good point, though I don't ever remember seeing it at #5, at least not for a long period of time. One could make the argument steem would be even lower if not for the current economic set up. It's impossible to measure. The lack of promotion/advertising is probably the biggest reason prices aren't currently heading higher.