Agreed with @snowflake. The reason for STEEM price not going anywhere is the utility of the coin is marginal at best. Everything has been bet SMTs to provide utility. The market is going to be much more mature, with many coins having solidly established and working use cases, by the time SMTs become available on STEEM.

STEEM team has bet the farm on SMTs. IF they don't work out, STEEM is just a repeat of myspace.com. Had a great leadership position with 100 billion USD potential, but blew it and watched others take over the market leader position