Steem community was facing hard times because there was dip in the price of almost each cryptocurrency in the market however steem coin was sleeping as a giant including steem dollars. As the market has stabilize and there is a uptrend in the price of bitcoin steem coin has started to show its true potential.
If we look at the one month graph of the steemit we will notice that the price of steem coin was going no where and future was not looking bright to the newbies and even to some of the professionals.
Today's surge in the price of the Steem coin is not sudden it was required and necessary for the Steem coin to maintain its position in the top 30 coins of the coin market. There could be ups and downs in the price of the Steem in the coming days but this uptrend in the price shows that future is bright not only for steemit but also for other useful cryptocurrencies.
Images Source https://coinmarketcap.com/currencies/steem/#charts