With growth of Steemit "Monthly Active Users" the network value is expected to follow an exponential value to users. Metcalfe's Law is a general expectation. Essentially, every time the numbers of active users doubles, the value grows 4 times. Since Steemit business model has very little overhead, price is expected to mirror value.
I think with SMTs launching and additional apps launching, the Monthly Active User count will climb again and price will take off.
@socky , thats what I see happening, scaling is scaling and steemit is well..gaining steem! I see a very bright future here.