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That is mainly depending on the users of the Steem blockchain.
Let's be honest, nowadays people are using the Steem blockchain only to earn money. The price of the Steem highly affects the level of user activity on the Steem blockchain. If the price of the Steem will move down to $0.01 (or less) USD, then probably no one (or only/just a few people) will use the Steem blockchain.

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