STEEM price might seem low in USD, but, not in terms of ETH. I posted some time ago regarding time to buy steem and power up. It started at 241 STEEM / ETH. Over the days there after, I have posted higher exchange rates and started to transfer and Power Up at 265 steem / ETH, and then at 285 steem / ETH. The exchange rate was as high as 300 steem / ETH.
Now, it is at 242.351 steem / ETH. So, not cheap in terms of ETH if you already own the ETH.
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It should be 4 Steem per ETH. ;)