I try to look at valuation of all cryptocurrency and dogecoin is valued at 160 Million Dollars while Steem is $219 million. Isn't dogecoin just another currency? I remember it started as a meme too. So I think relatively, STEEM is not overvalued. But still, I like the idea of it and I have only invested what I can afford to lose on STEEM. And I don't think STEEM will go lower than 100million in market cap. We need to promote it!