Hello, dear steemit friends. How are you all today? I hope you are all well and healthy in this month of Ramadan, with the infinite mercy of Almighty Allah. Alhamdulillah, I am very fine today. Week 5 of the 8th season of the engagement challenge is ongoing, and today I am going to take part in an excellent contest organized by the SteemitCryptoAcademy community, and this week their topic is "Let's Think About Steemit's Future." It’s a very important topic for this platform, so let's get into the main topic.

What is Steemit And How Does It Work?

Steemit platform is a social media platform but it is not other common social media platform, it is a decentralized platform. Here every day numerous users create and share their content and in exchange for their hard work they are rewarded with steem coin.Steemit platform is built on steem blockchain technology where all information, transactions and conversations are permanently recorded. Also here user even central authority of steemit cannot interfere with any content and user assets.

Like other platforms on Steemit platform, users share their creative writing, images, videos, ideas, blogging, skills and steemit team rewards those users by providing SBD, Steem & TRX. Since now the value of steem is low, now only users are given liquid steem, steem power & half amount of Trx of steem power.

Besides, through various initiatives on this platform, such as community weekly contest and participation in Steemit team's biggest step, engagement challenge, users have got a great opportunity to develop themselves and get support. Besides, by voting on the post here, both the poster and the voter get steem power as a reward.And this is why Steemit platform is unique, transparent & square platform from other social media.

What Is STEEM Coin And How Does Steemit Make It's Money?

Steem coin is a cryptocurrency that is awarded to users of the Steemit platform as a reward for their hard work. All users on the Steemit platform use steem coin for voting, which is stored in the account as steem power. Its voting value depends on its market demand, market cap and usage. Here users create and share their valuable content and in return the steemit team rewards them according to their abilities and votes for their original content, which users get Steem coins as a reward.

Generally, 50% of the votes received on a post are received by the user and the remaining 50% goes to the Steemit team's reward pool. How much steem you earn from a post depends on your post quality and the amount of votes high profile users give you and its distribution. First time we got SBD as reward and then we converted it to liquid steem but now due to low price we only get steem power and liquid steem directly in our wallet as reward. Besides, this platform has also arranged for buying, selling & trading of steem coin where users can take advantage of it.

What Is The Current Price Of STEEM At Coinmarket. Explain Your Understanding Of what You know About This Current Price And The Situation Surrounding It?

At the moment the value of steem on coinmarketcap is $0.2158. Its market value in 24 hours was as low as $0.2056 & as high as $0.2164. Coinmarketcap's rank of steem is now 288 & it's total marketcap is 92912917. and according to my understanding the price of steem is very low now and its reasons include such as overall market sentiment, investment demand, adoption and technological advancements related to the platform.

I entered the world of cryptocurrency through steemit platform. It is true that currently the status of steem value is much lower than before. Its market value has been going up & down for the past few months making it very difficult to predict its future. But I believe from the market value of previous years that its future is bright and will bring us great news and shake up the entire cryptocurrency world very soon.

In case you haven't noticed, its value was double about a year ago today, and its value was double the year before that. But at present the value of steem is almost in the same price range. Hey, the possibility of increasing the price of steem has increased a lot, which we have noticed several times and now its value is increasing in the direction of up rather than down. According to my estimate it will touch $0.50 this year and its value will increase further in the following years although it is very difficult to predict but I am optimistic.

Is Steem Coin Good For investment? As A Crypto Analyst, What Can Be Done For STEEM Coin To Reach A Maximum Supply And Becomes Top 100 Crypto Currencies In The World?

As a newbie in the cryptocurrency world, I would like to say a few words about Invest as my personal opinion. Currently almost all cryptocurrencies have downfall like the most valuable coin BTC which has gone down to four times its previous value a few days ago and those who invested this time must have done well. On the other hand steem coin also fell to $0.15 which is much lower than last year's price and many experienced investors invested in steem. However, it is very difficult to tell when a currency will be down or up in the market, so it is better to analyze the coin carefully and invest at your own risk.

Source

If I were an investor or if I had money to invest I would definitely be interested in investing because I believe Steem will reach a good value one day. And for this reason, I am interested in investing because I myself have done previous market value analysis and through the experience and opinions of those who have been working on this platform since the beginning, I realized that the future of steem is bright.

I have already mentioned why the value of Steem may decrease, although it is difficult to say the exact reason, but we can take some steps to increase its maximum supply and become top 100 Crypto Currencies In The World.

• To increase the value of Steem, its market demand needs to increase, which we can increase by burning steem. So by participating in our Burnsteem project we can increase its value. Besides this we can increase the demand by launching more new steem burn projects.

• Besides, if some new investors invest a good amount, then its supply will also increase, which will increase the value of steem and also its rank will come up.

• Steem's maximum supply and value increase by increasing new users and reactivating old users on the Steemit platform and providing them with good content to increase steem supply. So promoting steemit and making it accessible to the public will increase its demand and contribute to steem ranking up.

How Can We Do To Solidify STEEM Offering In Terms Of Technology And Operating System Inorder To Attract More Investor?

We can use different ways to attract more investors in terms of technology and operating system.

• Security improvement is very important for this platform. We know it is providing good security to the users but in the future more security needs to be provided to the users because the technology is improving day by day so providing the users with 100% security is very important to keep steem stable.

• People are spending their valuable time on Steemit platform and we know that everyone's time is valuable so it is very important to value the users who are working here. Which will play a role in the progress of steem on the Steemit platform and will attract new users and investors as a result.

• Steemit promotion plays a role in attracting users and investors to the Steemit platform. We know that Steemit is free to join and also we need its promotion because still not many people know about this platform. So we can attract users and investors through social media, direct, organizing programs.

• We know that there are now thousands of companies and big investors in the world who have partnerships with many cryptocurrencies. As we are now getting Trx as reward with Steem. Therefore, if some new partnerships are added to this platform, users and new investors will be interested in the Steemit platform.

Conclusion

We know and believe in our hearts that the future of steem is bright and that's why we are working on this platform with concentration. And if the guidelines I have shared with you above are taken into consideration then I think steem and steemit platform will be developed to another level. And so finally I want to say that we all have to work together and at the same time participate in our Steemit initiative work and promotion then we can spread steem worldwide.

Before end my article I would like to invite @goodybest, @solaymann, @m-fdo, @ripon0630, @msharif, @lavanyalakshman and @jyoti-thelight for this engagement challenge.

Best Regards
@enamul17

CC-