Yes, this! I can't believe the CMC top 10 is full of so much crap that does so little. Even ETH has nothing that comes close to Steem. On utility and user base both Steem and Bitshares should be in the top 5... would not be surprised to see that happen this year.
A neat thing is happening in the crypto space: in the last six months long-suffering hodlers of various tokens have started to see some serious returns and they want to diversify into ****quality**** tokens. The days of Peercoin and Dodgecoin being awesome because crypto are gone - now just having a block chain is like having a website.
I'm basically in Bitcoin, Bitshares, Steem, Peerplays and Storj on the basis of utility - what can it do, is that useful, can average Joe use it and is average Joe using it. So yes, Steem is undervalued by a factor of 10 right now and we should see $20+ tokens in the near future - there is a lot of hot Bitcoin value looking to diversify.
"now just having a block chain is like having a website"
That's crazy. It seems like just yesterday when bitcoin was a new experiment and there were only a few altcoins to look at