Seeing Steem rise brings a beautiful feeling. I have always hoped for Steem to go beyond $10 as early as Q1 2018. I personally think Steem will reach $50 by end of next year (and I am going to write a post on why). My comment should not be taken as investment advice though. Always do your own research (for the readers).
It was unnatural for Steem to stay so low. The drop below $1 and even $0.90 wasn't because of any mishap or perceived lack of value in Steem. It was only due to the fact that being in Bitcoin was a better thing to do for a short time. However, smarter were the people who bought Steem at its lowest in last month. They are the ones who will be happy.
This is quoted from my article on 9 November titled "Slowly and Beautifully, Steem Shall Rise Again!
I would be very interested to know your reasons for STEEM at $50. Not that I think this is impossible, I am just curious. So do write that article :)
The article is under construction for some time now. I'll share my reasons in in it also. It won't be an article about why Steem will be $50 but why I think next year is the year of Steem.