STEEM at $10 is still under valued.
When you compare the "fundamentals" to ETH or BTC, you see that this is a joke under $50.
Of course, markets arent priced in fundamentals so we live with the disconnect, for a while.
I am confident the market will catch up in the next 100 days. Get the hard fork with communities and introduce SMTs and, as was stated, KABOOM.
I think you are right. We will see a huge price increase once people realize the potential of this blockchain! There are so many advantages to it, and people will start using it like crazy once they realize this.