How Can Steem maintain its price ??

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I thank god I did not create an account on #steem or invest any money there
Also I came late But I am lucky that I choice the right place.

The Question which confuse me :

How Can #Steem maintain its price in this range although the abuse, Ongoing conflicts, Centralization and The many forks ??
And How such a HF23 and stealing users money cause a pump in the price ?

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2 comments
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The question implies that there's a fundamental, direct correlation between the technology and the market cap. Ideally, this is true. But in reality, there are many other factors in addition to the fundamentals.

Just look at IOTA.

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