Right now Steem and SBD coins are having a terrible time gaining traction in the market. While it hasn't exactly been a great 7-8 months for any coin, Steem seems to be struggling quite worse than many others.
The pill that is hard to swallow, is knowing that out of the 1600+ other coins, Steem is one of a handful that have an actual use-case.
So what is it, that is causing the sell-off?
In my opinion- Steemit is struggling to gain adoption because of the grind it takes to earn a decent payout. Even crafting a most thought provoking blogs, writing a 5,000 word travel diary with beautiful photos, or being an artist that can create an amazing sculptures utilizing the oddest arrangement of tools... Without paying a booster bot for a vote, you will simply get buried along with your peers.
On top of all this, seeing and many other big accounts powering-down, without justification begs the question... Is Steemit dying? Can it be saved by SMT's?
Sure, I don't think anyone needs to justify their power-downs. I know I didn't when I started months ago... I just simply saw Steemit for what it was. A fading, fad.
What can bring Steemit back to life? Or is this the end of a great run?