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It spiked up to 9 USD last December if I remember correctly. You can see the spike up on the chart. If it does reach 10, it probably will not be there for very long based on history.

What is keeping Steem price down so low?

It's related to the bear market with Bitcoin. Most of the Alt coins have taken a worst hit to the downside, I'm sure many of them have already gone to 0. Once Bitcoin resumes the bull market (If it does), all of the other cryptos should follow.

Coin Marketplace

STEEM 0.16
TRX 0.16
JST 0.030
BTC 58389.55
ETH 2482.59
USDT 1.00
SBD 2.38