"All about STEEM token".
Hi everyone, I greet you all steem bloggers. I trust that all is well. So today I will be taking part in this contest entitled "All about STEEM token". I hope that you can check out the contest as well. I'm very interested in the contest because many people will share their thoughts about our prestigious token the steem. A big thanks goes to that organizer @malikusman1 for this opportunity.
Question 1
What changes do you want to see on Steemit?
For every platform to grow and be better there is always a need for change. Change they say is constant. So there are two things I would like to see change in steemit.
More Promotion: I want to see a lot of changes as far as promoting and advertising steemit is concerned. One way for many people to get involved in the steemit block chain platform is when we as the steemians take it upon ourselves to advertise the platform to others who are not aware of it. We can engage more with our friends on Social media platforms by telling them about steemit and encouraging them to join.
Growth in the Value of Steem: I will like to see the steem token grow in it's value. currently according to @disconnect 1 steem is $0.18. so I will like to see the price of steem change.
Question 2
How would Steem coin become one of the top 100 cryptocurrencies?
Over the years there have been the birth of so many crypto currency tokens. Steem being amongst one of them. Crypto coins or tokens can be ranked top in function of their value. For example the top 3 most ranking
token now are Bitcoin, Ethereum and Binance Coin (BNB). All this coins all started with a very low price like the steem we have today at $0.18.
On that note, For the steem coin to be ranked among the top 100 crypto currencies, two things can promote it:
Burning of Steem: Burning is a system whereby crypto currency is being transferred to an account or block chain wallet and locked. this means that the coins locked can never be accessed. This will create scarcity of the coin in the market thereby resulting in the increase in price of the token. For the steem token to be ranked among the top 100 tokens in the crypto currency ecosystem, we as steemians need to embrace the burnsteem25 project. which means that we set 25% of our rewards to the @null account which cannot be accessed thereby causing scarcity of the steem and resulting to the increase in value.
Another way for the steem token to ranked top 100 is for it to experience a bullish market: this means that more people should be looking for the coin. Now this is when increasing the number of steemians will help. if the number of steemians increase the value of steem will also increase because more people will be in need of the coin. those are two ways I think the steem coin could become top 100.
Question 3
Do you think Steem has the potential to reach $1 or higher?
Yes I think the steem has a potential of reaching $1 or even higher someday. like I've mentioned above, if we can see to it that we respect some of those things it will help to create a bullish market for the steem coin. We have to encourage many people to join the steemit block chain just like any other crypto currency block chain.
Question 4
What is the expected price of the Steem token in 2025? Give your opinion.
Well, I think that by 2025 the steem will be above $0.70. based on it's current price now $0.18 I think that it can hit that price by 2025 and heading to $1.