People are worrying without thinking. Steem's price also lagged other cryptos by a long time in the last cycle.

Steem only started moving in march 2017. The equivalent in that cycle would be March 2021. At the current time, we're supposed to be at all time lows. Steem was at $0.07 and the supply was waaaaay lower (24 million usd in marketcap compared to the current 40+ million)

Will write a post on that soon.

Edit - Post is now written, check out my blog!