Aside from everything you say, I believe that when steem reached the heights of 8-10$ it was a bit too early, and it was caused due to the huge bull run that happened...
I believe Steem is worth more than 10$, especially with all the developments and new services I've seen since joining and I can feel that the time to rise up is soon! Soon 10$ will be our bottom and not our top :^)
Your're totally right, luna.
The price rose too quickly, but Steem, in comparison to other projects, has a lot more value and activity. So I'm very optimistic towards the future for Steem.
I agree, of the top 50 projects, Steem is the only one in which you have a cohesive community and services, I see a lot of potencial in Steem and we will eventually recover our rightful spot among the top 10 cryptos.