I don't know if I would say anything is overdue in the crypto markets. Things move so fast on a day to day basis that we lose track of just how volatile coins are. As more and more users come to the platform and more and more user cases are made for steem, the price will inevitbably go up. We, the users need to be more active in finding and promoting more use cases for steem. This is the best way to make sure steem does go up in price in the future
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Very true.
Still, this downtrend has been long lasting. With all the potential Steem offers, I believe it has been oversold for some time now and the marketcap surely warrants higher prices.
Thanks for commenting!