You may want to have a look at today's NameCoin: + 269% in 24 hours when I was typing this! https://poloniex.com/exchange#btc_nmc
This is the kind of a buy pressure we are talking about that is waiting for STEEM. Trading cryptocurrencies can provide unbelievable returns when time is right...
Yeah, this is VC investing in the public markets. Crypto currencies already have such large networking effects and stubborn hodlers pushing them many will never die...LOL. Steem will make a massive come back once the sentiment changes. The fundamentals and community is here to make sure that happens.