I expect the price of Steem to go below 1 cent but not in 2016. I project a price of around 0.02 cents in 2017 unless there is some marketing effort. Currently there is no effort in marketing so the price will only decline when no one knows what Steem is.

The price of Steem will be similar to the price of Bitshares which has a similar marketing strategy unless changes are made soon. 0.02 is optimistic if you consider the price of Bitshares. That said, buying it for under 1 cent is up to you and I wouldn't frown on it. I will not be buying until 2017, possibly when the price is below 1 cent, and in the 0.5 cent range.

Whales are wise to power down and buy Steem Dollars. Steem Dollars are the only token which hold any value because Steem Power isn't being marketed as being useful for anything.