I think steem is way underpriced. As Ned said, Steem should be a cmc top 20 coin by virtue of usability and adoption alone. That's not even talking about being the pioneer and most successful coin to solve the issue within content industry (written, video, audio, visual and others).
The rewards structure of the Steem Blockchain means there's only >20million steem will be issued this year, and even less the years afterwards.
What would happen when there's as much users as the scheduled rewards?
User adoption is not slowing down .
Only good things will happen to steem.