Yes, if people are willing to pay that amount of money for it.
The price of a crypto is the highest value someone else is willing to pay in exchange of it. That value increases with demand. Steem was in very high demand during its all time high because there was hype on the overall crypto market.
Now that the hype is gone, the bubble has finally bursted. Steem will see another all time high if another speculative bubble starts around it or the demand increases naturally.
The demand for Steem will increase naturally if more and more people use Steem as a currency which will slowly increase its price as well. If Steem is used more as a currency, more and more people will be in need of Steem. When someone buys Steem, it puts buy pressure on the market.
Until any of that happens, Steem won't reach the price of good old days.
Crypto currencies are highly unpredictable/ volatile.
These are mainly based on the speculations and trend change very sharp.
As some large selling and buying is observed or some news is broke, crypto market reacts very fast.
Decentralized technology is still new to the world. Its market penetration and adoption is still negligible.
With the passage of time as more and more people are aware of this technology, it is becoming more and more popular.
Now even many countries has started accepting this as currency and many other are in the process of adopting.
So in future a more countries will jump into it and it will gain more trust of people. Its value will also increase.
I feel it will, but only because I think the appeal of rewarded social media will catch on with the public. Once this becomes more mainstream, it's likely it could even surpass the old days.