Thank you for your reply, it has given me another perspective. I totally agree with your comment and it's a big steal at the current price. I was feeling rather disappointed that the market cap and value had dropped so drastically suggesting that it was failing but realize that it may not be failure and just part of what new tech goes through in its first few months. I have also just found this article explaining other possible causes: https://steemit.com/steem-price/@hisnameisolllie/why-is-the-price-of-steem-falling
RE: Why has Steem crashed to as low as $1.05 ?