I know you said that this is something that we should just keep in mind, @jrcornel, but I think it's relatively true. There are many factors that I believe are keeping the price low for now. Once the beta is done and people are able to create accounts more freely without having to be approved, the Steem price will skyrocket. It's not so much a matter of if, but when.
New accounts doesn't encourage people to buy Steem, which is what is needed to drive the price up. Ultimately we need people wanting to curate rather than post to drive the price up as to have power as a curator, you need Steem Power.
That makes sense. I think that will happen naturally over time, but people will really need to see the value in curating instead of posting. Too many people are focusing the majority of their time posting (which isn't bad) and not enough on curating.