I believe that everything starting going down to drain for about an year and only the latest technical movements might stop its fall to no less than 0.01$ in my opinion. I hope the SMT's will put some value back in the STEEM blockchain as if not I think the project might fail...
At the same time the current lows are everywhere on the market so I don't get to frighten about the current state, but the question is if when the other cryptos will climb back up if also STEEM will have the power to do so. So, probably we will need to wait and see when the market will green up again.
And not last, I hove STEEMIT has stopped throwing tokens each month on the market which was one of the reason why we are here...
RE: Currently valued at $0.118152 per Steem and with <$0.08 per Steem now clearly in the headlights, surely for goodness sake this must be setting off alarm bells in the Community now.