When launched Steem was worth 150K Satoshi and in usd about the same as it is today.
After its launch Steem fell back to 30K Satoshi and then soared up to a crazy 666K Satoshi :-P
After that it made a deep dive until it reached its bottom at 6K Satoshi (less than 1% of its last high).
Then it made a few bumps to 90K, 50K and now we're at 12K Satoshi.
Where can we go from here?
In the above graphic we have a red line connecting the launch price with the highs of the bumps.
If this pattern plays out, Steem will be worth 0 Bitcoin by May 2019.