While I agree with you on the substance, and how most users are sheeps faking positivity to increase their rewards, that doesn't make STEEM dead at all.

Your only argument seems to be the price has been falling. That's some deep research man. A five year old could achieve the same. Why is the price so low? Because more people sell than people who buy on poloniex. Does that make STEEM dead? Not really.

In reality, STEEM has a very solid blockchain, with NO FEES on transactions. Anyone with an account can write data on this blockchain FOR FREE. Try to do that with BTC, ETH or whatever else you will find on coinmarketcap with a more sexy graph.