In a large number of cases Steem's 'product', imperfect though it may be, would be miles ahead of those other tokens being traded simply because it actually exists, works, and is being used.

Then again I've heard the argument that actually having a product in this market is bad, because then you can be tested in terms of real metrics like daily active users, growth rate, etc. as well as taking a hard look at things like how those things actually drive token value (or don't). If there isn't any working product it is all based on a good story and dreams of reaching the stars, without any hard numbers or hard reality to hold it back.