Look, I'd love to be aboard the hype train here, but the Steem ecosystem's problems come from the top down.
Every decision made by @ned and crew seem poised to undercut the effectiveness of the system. The Steemit platform cannot be discarded without undercutting Steem itself. The recent hardfork was promising, but at the first sign of discontent, it was largely retconned.
It's not impossible for Steem to be worth $100 someday. But it is impossible for it to reach those heights with the current leadership.
The rot is at the top.