Most of the top currencies (e.g. BTC, LTC, ETH) are inflationary for the time being. It takes $2.2M daily to keep LTC at current price (more info: https://steemit.com/steem/@penguinpablo/putting-the-steem-inflation-into-perspective). If the network grows at better space than the STEEM inflation, its price will increase. STEEM needs better distribution (e.g. distribution among large number of HODLERs) which takes some time (e.g. LTC peaked at $48 in December 2013, down to $1.1 in January 2015 and now back to $65, between $48-$1.1-$65 it got distributed, it is still inflationary). However, trading volume (e.g. speculation and marketing) keeps price inflating in short term rather than fundamentals (e.g. BitConnect).
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