I know some new folks are following this closely, but coinmarketcap cannot really express the actual value. All it shows is the activity of a few people buying or selling the liquid currency, which is not a relevant snapshot of the growth or progress here. We can see this is growing pretty quickly with the new users coming in and helping to build the site. My attitude is 'wake me up on July 4.' That's when I'll check the price again.
What's to stop the price from falling after 04 July, when many will be able to convert their Steem Dollars to Steem in order to cash out to BTC? Even if only a small percentage of people do this, won't it flood the liquid market? And given that the big payout will have already happened, won't demand for Steem be lower than it is prior to July 04? Perhaps I am missing something...