Steem is worth $0.36
Steem is currently worth 36.51 US Cents / Steem which is not bad but I think it can get even better in the future. There were a time when Steem was at $0.2 and I am happy that we are at nearly $0.40 right now. But compared to BTC is has gotten a bit weaker, the reason for that is that Bitcoin reached $8,000.
Can we reach the $0.50 anytime soon? What do you guys think?
It's going to be awfully tough to have STEEM hit 50 cents anytime soon.
On one hand, it's nice to see separation from BTC. The more an alt-coin's price is independent, the more "proper" it feels to me. Like, this is a project that has actual merits of its own & doesn't rely on daddy-bitcoin to determine its price.
On the other hand, you're now left with needing to actually innovate & deliver on said project, and that's something that Steem has yet to do really. It's getting there, but it for sure is a sloooow burn.
More dapps [ that have use ], more games [ that are fun ], and more platform-stability / quality-of-life improvements need to happen before we see nice price updates, imo.
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You're right, it's still a long way...
I don't think we will see $50 any time soon even if BTC continues to rise, most of the funds are being consolidated in BTC at the moment and alts are getting squeezed. Those alts that aren't financially sound will kick the bucket and more money will flow into BTC and a small percentage into other alts.
STEEM hasn't done much to attract users, investors and retain them, why would they? The tool hasn't been great and investment in this coin isn't either. I do enjoy using the platform but from a money-making perspective, I wouldn't consider it a good investment.
I think this project needs to do a whole lot more if its going to convince people to pump their money and time into it
I think Steem is quite attactive for users with a lot of functions and nice DApps like Steem Monsters or Actitifit. We will see what the future brings.
You are wrong, Steem is making progress almost every day!
Price has nothing to do with it, Steem wil have its day there as well.
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