In my opinion the price of Steem token will increase when
We see steem on more popular exchanges
Active users grow consistently. it is directly related to the value of steem blockchain.
When there is easy Fiat to Steem and Steem to Fiat conversion in multiple countries just like https://steemexchanger.ng/ since steem is attracting people who are conidering this a source of income there has to be more solutions like this on offer for mass adoptability.
When Smart Media Tokens are launched and we see more apps built on top of steem blockchain
When bitcoin goes up crazy and whole crypto market explodes.
any combination of these factors could result in steem reaching $20 or higher.