Is Steemit A Pump And Dump

An article in coindesk asks experts if they think Steemit is a pump and dump because of its rapid rise and the method on how it rose. The two bitcoin experts said that most experts are highly sceptical of the currency. They claimed that many other similar programs with content reward have failed in the past and that most articles on the site or about steem. They think that the steemit developers are waiting for a large group of investors to raise the price and then they will dump. Article here: http://www.coindesk.com/steem-provokes-doubt-market-observers/