The only increase happening currently is the massive enrollment of new users and new initiatives calling for delegation with the promise of 90% returns.
I think it is impossible to promise 90% returns people are using new users to become whales and grow their own nest eggs.
This has caused the internal market to climb and be eradic over the past few weeks.
When I first started it was 1 to 1 now I have seen it climb to 1.60 for Steem then crash right back down to 1.25.
This rapid increase and decrease isn't helping anyone except a few whales continue to grow their wealth and control the platform.
There needs to be support for Minnows, possibly further delegation until reaching 100 to 500 SP.
Volatility is bad for business. I don't know how people can expect it to keep going up and up.