I don't mean to be derogatory in any way, and personally I like the STEEM concept quite a bit, however I see the market price of the coin continuing to decline for a number of reasons: The dilution is

Potential Scam Some market observers expressed their concerns that steem in and of itself might be either a pump and dump scam or a Ponzi scheme. "My first impression is that it is a 'pump and dump'

The creators of Steemit have responded to criticisms like these, emphasizing that they have built certain safeguards into the system to provide users with greater incentive to hold on to their steem tokens.

While steem recently became the third-largest digital currency as measured by market capitalization, surpassing $400 million this month, some market experts are skeptical of steem and have expressed doubts