Price of steem affecting post payouts?

Does a higher price of Steem mean that post payouts will be higher? Long before I joined Steemit last summer when the price reached its peak at around 4$ I recall seeying some crazy post payouts in the thousands of dollars which I guess in turn also made the price fall again as people cashed out quickly and this likely made the price fall again. I have notice that in the trending posts with top payouts some people are earning around 600-700$ so I have to imagine this has to be related to the price.

Being unemployed now and not really looking at starting work in the next few days Im going to concentrate on making a few good posts and hopefully earning some money to help cover my costs for now. I love working online and I have done so for many years now its harder because Im lacking the self confidence in myself and my ability to concentrate on things I love appears to be quite limited but I will try as hard as possible and hopefully Steemit can be my therapy and I can earn some money along the way.

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