I have two reasons why I'm extremely happy to watch the price of EOS, Bitshares and STEEM all soaring high in the last couple of weeks. First, because I'm a token holder and my investment makes a pretty good return. Secondly, because they are graphene based blockchain using the DPOS consensus mechanism designed and invented by @dan which makes scalability no issue so they all really deserves more big valuation in the crypto market compared to other cryptocurrencies assets that brings no innovation to the table.
The issue with other blockchains and consensus mechanism like the bitcoin network proof of work is scalability. While the steem blockchain can process thousands of transactions per second with zero fee, and even said to have process 1 million transaction in 24 hours, the bitcoin network can only process maximal of 7 transactions per second.
The bitcoin network scalability problem became enhanced due to bitcoin becoming popular and gaining pretty much mainstream media attention like never before recently. That has also caused transaction fees to sckyrocket and become a huge headache for bitcoin users. Personally, I didn't feel good paying $25 fee for a $150 bitcoin transaction.
Bitcoin might not end up becoming that holy grail cryptocurrency that will become accepted all over the world by businesses and people if it scalability issue can't be fixed. The only viable blockchain network or cryptocurrency with the potential for worldwide acceptance are the ones that can scale into thousands of transactions per second and offer zero fee to users like the graphene based blockchains does.
You don't have to question the rising price of scalable blockchain protocols like that of STEEM, EOS and Bitshares because they bring an industry wide solution to the table that can make the whole blockchain space enticing again to investors and encouraging to users.
Check what you're investing in, is it a graphene blockchain based protocol or a service, or some DApps built on it? If yes, you might be in the right direction.
Everything in crypto now might be going up, but not all will last. The ones that will maintain high valuation and continous price appreciation are the ones that bring innovation to the table.