Well, what happens in the long term is impossible to say. But for the moment the crypto market is a zero sum game, the total market cap has not been growing for some time now. Only the number of coins who share this market cap has, and that is not helping at all.
But anyway, I don't really care if a Steem, or a Hive, is worth 7 Cent or 15 Cent. I have been wondering for a while now if this reward system is a good idea for a social community. So far, it causes more trouble than being benefitial.