Lot of other crypto projects suck FAR worse than Steem/Steemit.

There are lots of apps being developed (and already running) on the Steem blockchain. And it's running at about 1% capacity. Sure, "they" just announced that SMTs won't be a reality till Q1 of 2019... but at least they announced something.

With the current market shakeups, I think a lot of true "shitcoins" are never going to some back... at least Steem has some authentic infrastructure and economic applications.