Steem/ SBD lowest price since mid-December... Why?

rcarter(60)
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Right now Steem and SBD coins are having a terrible time gaining traction in the market. While it hasn't exactly been a great 7-8 months for any coin, Steem seems to be struggling quite worse than many others.

The pill that is hard to swallow, is knowing that out of the 1600+ other coins, Steem is one of a handful that have an actual use-case.

So what is it, that is causing the sell-off?

Screenshot_2018-07-23 Steem (STEEM) price, charts, market cap, and other metrics CoinMarketCap.png

In my opinion- Steemit is struggling to gain adoption because of the grind it takes to earn a decent payout. Even crafting a most thought provoking blogs, writing a 5,000 word travel diary with beautiful photos, or being an artist that can create an amazing sculptures utilizing the oddest arrangement of tools... Without paying a booster bot for a vote, you will simply get buried along with your peers.

On top of all this, seeing ned@ned and many other big accounts powering-down, without justification begs the question... Is Steemit dying? Can it be saved by SMT's?

Sure, I don't think anyone needs to justify their power-downs. I know I didn't when I started months ago... I just simply saw Steemit for what it was. A fading, fad.

What can bring Steemit back to life? Or is this the end of a great run?

Steem/ SBD lowest price since mid-December... Why? | Ecency