Yeah, it's not pegged, it has a floor. It's made so it won't go lower than $1. It can go higher and higher and there is no limit, as per Dan Larimer's statements.

I don't get why people want it low either. It's great if it's high. Dan Larimer told World Alternative Media (@JoshSigurdson) that the floor is there to prevent it from going down to 0 and that it's was not meant to stay at $1 or designed to never go up, He sees it going up as something great.

I invite you to have a look at that interview. Josh has a YouTube and DTube channel called World Alternative Media (WAM).

One with Dan Larimer and WAM mostly about Steemit:

More about EOS and a bit about Steemit: