There are many cryptocurrencies which are technically superior to Bitcoin, but that doesn't mean they will necessarily succeed in the long run. In addition to brilliant technology, to be successful a project needs brilliant marketing. Plus Bitcoin already has an established networking effect to overcome.

The Ethereum team has done a good job on this front, which is one reason Ether has become the #2 crypto by market cap today. Vitalik & his team travel the world, speaking at conferences, developing business contacts, and getting companies interested in developing for the Ethereum ecosystem.

Steemit is well positioned for a similar marketing blitz due to its social nature. But what I haven't seen so far (or maybe I'm just not aware of it) is an effort to reach out to the commercial sector and get big companies excited about Steem. I think this should be a priority. The Steem price isn't going to recover from Joe Sixpack and Susie Soccermom buying a little here & there. It's going to take organizations & seasoned investors with deep pockets, who recognize the potential of the technology and see an increasing network effect leading to more adoption.