Some people I know think STEEM is just being victim of a pump and dump. I will link them to this!
I think this proves STEEM has actual value, derived from real world applications.

I think STEEM is still UNDERvalued. It can beat Bitcoin any way you choose to measure the two blockchains.
-Transactions per second
-Cost of transactions
-Maleability/upgradability
-ASIC resistant POW (posting content+curating can't be done by bots!)
-Steem dollars! A cryptocurrency pegged to the USD
-Rewarding liquidity providers
-and many more ^^