The price is probably dictated by voting bots. They make a lot more money using that leased steem power. So at this price, for them it is still profitable.. Unfortunately, for a normal user, who only receives curation rewards, it is not profitable any more to lease..
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Actually, someone wrote a post that analyzed people buying the delegations from our site and found that the majority wasn't bots. I upvoted as I found the info interesting, it also had some good data that showed how widely the delegations were being distributed among different users.
That's very good news for the long term value of steem, as the demand for SP is not artificially created by voting services.
You got a 100.00% upvote from @slimwhale courtesy of @prometheus21!
Help Me Please Some Sbd