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RE: BlockTrades updates web site, first round of delegation pre-orders filled
Its not about Steem relative to other currencies. If one could buy 90 day delegation of 100 SP for 7 Steem, now it costs 11.5 Steem.
Taking into consideration, that steem power holder gets max 25% from upvotes as curation rewards, current price is not profitable.
The price is probably dictated by voting bots. They make a lot more money using that leased steem power. So at this price, for them it is still profitable.. Unfortunately, for a normal user, who only receives curation rewards, it is not profitable any more to lease..