It's literally miles behind Dogecoin, a literal jokecoin. Altcoin projects die all the time. I don't see any reason for STEEM to get a rational pump. All we can hope for is an irrational pump. There's no buzz about the coin, there's no faith in its leadership, it had a shaky reputation to begin with. And the biggest reason is that I think the next BTC bull run is going to be different from the one in 2017, and it will indeed kill many alt projects.

And I don't really see why STEEM wouldn't be among those killed.