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RE: DAILY STEEM REPORT APRIL, 10TH ( STEEM 0.15074$ )
It seems like it will take quite a while for the rewards to fully normalize. I believe that price will follow users moreso than precede them, but when the rewards are back and as long as distribution of rewards/influence is still good, we will have a virtuous cycle were users -> price increase -> more users -> more price increase etc. until it is not sustainable any more and we crash, but we crash from a high level.
It does seem like rewards will take longer to come back fully than what was initially believed. I think that as long as the speculatively holding price stays above 10c for the next few weeks, we should see another run up in both users and price during May/June.
We just have to be patient, good things need their time :)