It's true, but the user base for STEEM is not big business or ICO's for now at least. One issue is that it's harder to get a steem account than an ETH account since the Steem system is policed. In one way this gives us a great interface, in another way, it may limit the potential of Steem... but yeah, should go up anyway, I am expecting 5 USD but who knows, maybe more.
Other coins should rally toward the end of the bitcoin move higher.