Does Steemit Value Will Stable

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I have seen steemit is going well trading in world exchanges. Mainly in coinmarketcap the price is going very high. If it becomes high many questions are arising.

Many people are investing to trade on steemit and also one of my friend had buy steemit of worth 10 bitcoins i dont know why he is crazy about it but he said steemit will grow.

And some people who dont know they are telling steemit is ponzi but i have trust or not but i believe this type of social networking sites should be increased. Because facebook won't pay while you are surfing or doing any thing but when you show you some work on steemit it gives response back to your work as dollars i mean money.