There's also another factor that has affected the price of Steem tokens negatively over the past few months: the inexplicable halts on Poloniex. Steem deposits and withdrawals have been halted on Poloniex for more than a month now!
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I think Polnx has had lots of issues with many coins
I think it's been at LEAST like 2 month and it's totally lame lol 💩
Yeah, I lost count already. There are a lot of big, deep-pocketed celebrity investors on Poloniex, and Steem being disabled has a major impact on the valuation of the token. If Poloniex re-enables Steem, watch out for a big rally as the whales start to accumulate tokens at depressed prices.