Seems rather crazy @firepower... but here's a thought: BTC has been rocketing for a long time and might be entering "speculative bubble" territory... so maybe people who are looking to invest in cryptos are seeing those (like Steem) that have been underperforming for several months as a better chance for some gains.

Look at it this way: If Steem had just stayed EVEN with BTC for the past 90 days, it should be sitting at around $4.00 right now. But until last week or so, you could get it for under $1.00. This might just be some "real" relative revaluing...