Valid points you bring up...none of which I am worried about at this point.

The steem blockchain is strong and is a lot more than just steemit which is potentially a broken system. There are other apps appearing on this blockchain which could do more to propel it forward. Personally, I believe that Zappl has the potential to lure a lot more users onto this blockchain that steemit does. Plus, the development team there appears to be focused with consistent updates trying to fix the flaws in the system (they tended to 10 or so with their update yesterday. It is still relatively new so I willing to grant them some time to get things right.

As for the price of a token, crypto seems to commonly take a while to get going. Look at how long BTC languished....LTC...they werent overnight hits. The fact that steem has little attention is not surprising. Blockchains first need development to stimulate interest which attracts speculation which drives up prices.

At this point, I just keep watching the development on the overall blockchain, not just within steemit. That is what tells the story to me.