Price of Steem drops= drop in engagement on the blockchain.
But what most people don't realize is that the inflation pool remains the same. So less people competing for the same amount of rewards, means bigger slices for those who remain.
There are so many projects operating on the blockchain. Those are the ones I am really interested in. If you are waiting for Steemit to get up to speed, well then, you better take a long nap.
Happy hump day,
@intrepidsurfer