8 weeks were supposedly missing in order to finish smt development and launch the testnet. I find it really shitty to cancel SMTs so close to finishing it. Finishing it could have multiplied the value of Steem 20x....
Now after announcing the stop of smt development and also announcing that steemit Inc will have to keep dumping steems without innovations coming anytime soon, they will be forced to dump everything BELOW 10 cents ... Perhaps 1 cent. But I keep my conservative target of 10 cents for now.