Why do you think Steem isn't yet a top ten crypto?
There are several reasons why STEEM is not yet one of the crypto currencies with the largest market capitalization.
1. This is not perfect
STEEM is not perfect in my opinion because it is only natural that this is a new crypto currency. Therefore, it takes a long time to get greater adoption.
Bitcoin only takes about 1 decade to be recognized worldwide as an alternative payment. STEEM came a little late, but the adoption had begun to be bigger than before. It is evident that there is a long queue in the registration of new members.
2. Other crypto currencies offer what the market needs
Like EOS that offers scalability and top speed, this can captivate investors. STEEM is not that fast, but at least the goal is very different, just don't have a bigger market.
At present, the STEEM network is only 2% of Facebook, but continues to grow. If STEEM can reach at least 25% of Facebook's total capitalization, of course this will be huge.
3. Crypto technology is difficult to adopt by ordinary people
It is undeniable that those who are currently on the STEEM network are the ones who don't know the best about computers, and the basic crypto currencies.
If the architecture is easier and not too complicated, I'm sure STEEM will be able to defeat its competitors.
i think you are right.
although steemit brings about an eye opener into knowing about steem and sbd, it hasn't really encouraged users and investors with its constant upgrade which as done more harm than good in my opinion and i think their unbalanced or unstable dollar to steem rate is not helping.