You are viewing a single comment's thread from:
RE: Analyst who accurately predicted Bitcoin reaching $2000 in 2017 is back at it again
Thanks for posting this I will start following him! Hope it comes true :)
Thanks for posting this I will start following him! Hope it comes true :)
Not sure what that means for Steem exactly, but Steem has a lot of things going for it, so hopefully it is one of those handful of cryptos that "makes it" as he says. As far as Bitcoin actually getting to $100k... that would be mind boggling! :)
Do you think we can see steem at $5-10 by the end of the year. Would that put the steem dollar at about 15$? If bitcoin hit 100k a coin that would be fantastic:))
The Steem Dollar is supposed to be pegged to $1 dollar. I would look at the fact that it isn't as more of a gift than as an expected continuation. At some point I image it will be re-pegged to the $1 dollar mark.
Regarding Steem... I wish I knew :). So far it seems to be moving with the rest of the altcoin market. If massive buying comes in again like we saw a few months ago. It likely drives steem up as well.
There are also some steemit specific events that could help the price in the near future. From new apps being developed and built on the blockchain to better functioning of steemit.com, there is the possibility that they drive price growth as well.
I certainly think it is possible that Steem hits $5 by the end of the year at some point, but it will likely depend on how much demand there is in the altcoin market as a whole and how much improvement gets done on the steem blockchain and steemit.com from now until then.
Thanks for that detailed reply. I think it's possible for steem to hit $5 by the end of the year too. Steemit reminds of a machine that need to constantly be fed by either getting new members, more posts, more buying steem! Its a monster of a machine! lol