Steem dollar 💵
As of last month precisely 2nd of November, steem dollar was less than $1 equivalent but today, it's gained a stable price between $7-$10.
I see the future of steem dollar possibly getting above other coins. The only way this is possible is when the market cap is high and volume24h is high too. Take a look at these coins then you'll understand what I'm talking about.
Comparing the market cap of bitcoin or litecoin to that of steem dollar you find a very big difference.
WHAT IS MARKET CAP
Market cap is a method in which the relative size of a cryptocurrency is ranked. It's calculated by multiplying the Price by the Circulating Supply.
Market Cap = Price X Circulating Supply
With steemit platform I believe that through rewards earned from posts and curations the circulating supply of Steem dollar will grow in 2018. Bitcoin took years before it could attain the heights it has attained now but to me I think it won't take steem dollar that long as the committed members of this community can make it possible.
Let's anticipate the rise of steem dollars. As @surpassinggoogle will say “stay present and present yourself. Read and be motivated”.
The future is bright
Pls which app is that?
Coin market
I've been trying to figure out what market cap means and you explained it so easily! Thanks for this information!
I hope SBD gets up this year!
It will by next year. This year had been a good one or do you disagree?
Hard for me to say. I have been into it only two weeks ago. But I will say that I am looking forward to Steem's growth.