I think STEEM to $1 is fair and we will get there considering the fact that the dollar itself loses its buying power and value over time that also ads to us reaching that target. I think that this bear market has removed a lot of the projects with no merit and scams, then as time went on the ones who didnt budget or provide value stagnated and disappeared.
STEEM has soldiered on be it limpingly which I don't think we give it enough credit for, this was a brutal turnaround and we've become a stronger community for it. I have invested in a number of other alts that I feel have merit but STEEM has become more to me than just an investment, its fun, the people make it worthwhile
It feels like we're all a bunch of hobbiests here just messing around, eventually those hobbies become businesses, it happened with YouTube, with drop shipping and a whole list of internet businesses.
So a dollar? I think it's fair!
The "fun" factor is one if this places most unique selling point. Direct and enjoyable engagement between different people and groups. Tell me another blockchain that offers this level of user communication and activity right now? :)