I think Steem is suffering because of TRX. They have the same representative, but TRX is being prioritized for market advancement; you can see how it went from $0.10 to $0.30 while Steem was falling. It's just a matter of TRX reaching its target before it looks to Steem again to direct liquidity. Another project related to these two is Banana.

Hopefully, we'll see Steem take off again.