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Most likely.
SMT stands for Smart Media Tokens. SMT will allow large content based website owners to offer tokens to its users and build a sustainable economic model for the website. For example, websites such as Netflix, Reddit, Stack Exchange, Quora, Facebook, Twitter etc will be able to offer native tokens which can be used within those websites.
If big businesses adopt SMT to build an economic layer in their website, then they will have to buy a lot of Steem for it. It works similar to how ICOs raise Ether. When people buy tokens from Ethereum based ICOs, they generally pay in Ether. This puts buy pressure in Ether which raises its value.
Similarly, when a company launches its own SMT, it will have to offer the tokens in exchange for Steem. This will put buy pressure on Steem and thereby will increase its value. Whether SMT increases the price of Steem will depend on how many businesses adopt the SMT token model.
Also, temporarily, Steem might see a high rise after the release of SMT in march 2019 due to speculative investments.