Contest - Steem Future Asset: My Predictions about Steem &Cryptocurrency

in STEEM FOR BETTERLIFElast year
Assalam-o-Alaikum

Hello everyone I hope you are all ok and enjoy the good life ny the grace of Allah Almighty I am here for the participate in the amazing contest which organised by the @amryksr in the community of Steem For BetterLife the name of this contest is Steem Future Assets and in this post we discussed about the future price of steem so let's start;

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Edit by Canva

This post is only limited just the price of steem moreover we will discuss about cryptocurrency and it's link to the steems so let's start this topic without wastage of time:

What is Cryptocurrency?

If we discussed about the cryptocurrency it's a digital currency that is used the cryptography for security cryptocurrencies are used decentralization system to record the transactions on the public ledger is also known as Blockchain the most wide currency in the crypto is also known as Bitcoin and this coin is also launched in 2009 and after that thousands cryptocurrency are created with the help of bitcoins.

Here are some famous cryptocurrencies that use in crypto let's see the below;

  • Bitcoins
  • Ethereum
  • Litecoin
  • Ripple

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Picture is taken from Pixabay

If we talked about the creation if these currencies so these are all created by the process of mining the process of mining many things are involved like computer power for solve the complex equations of math for the verification of transactions in the blockchain if we discussed about it's controlled so no any government control this cryptocurrency.

Work of Cryptocurrency

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Picture is taken from Pixabay

Now we discussed about the work of cryptocurrency these are all run on the public ledger in the blockchain and recording data in the transactions and update who hold the cryptocurrency all the cryptocurrencies work without any central bank and involve any government and it's depends on the supply of coin in the market no any central authority control this cryptocurrency.

All the cryptocurrencies are created through the mining which involves many powerful computers all the cryptocurrencies are work on the basis of decentralization and store in the digital wallet.

Relationship between Steemit and other Blockchains & Cryptocurrencies

Here we discussed some important points that related to the blockchain and Steem so let's start;

  • Steem is a decentralized blockchain like the cryptocurrencies are work on decentralization system.

  • Steem is also similar with other blockchain like ethereum tron because they are all allow creation of decentralization application (Dapps).

  • Steem is also use for the trade like other cryptocurrency in the application of binance.

  • Like some others blockchain we create a quality content on steemit in the form of writing.

  • Steemit gives us rewards like other blockchain and it's very unique comparison with other content writing blockchains.

So these are some basic points that relate to the steemit with other blockchain now we discussed about it's price prediction let's see.

My Predictions about Steem Price

If we talked about the price predictions of steem token it's all depends on the use of steemit platform and the price of Bitcoin in the future because the price of any cryptocurrency is also depending on the price of bitcoins first of all we see the chart of price current situation.

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Screenshot is taken from Coinmarketcap

If we see the current price of steem is 0.20$ and Bitcoins is running now over 23000$ now we see the chart analysis of steem in previous some days so let's see the below;

E71DB923-8EAF-465E-B83B-8D68C6A766FB.jpeg

Screenshot is taken from Coinmarketcap

Here is the chart of steem price analysis last week by the showing the chart it's looks up and down in the price of steem by showing this chart now we predict the price of steem As we look the analysis of steem from last previous year we predict the steem price easily.

By the showing the chart and Analysis the price of steem will cross the 0.40$ in the future if we talked about this year especially the coming month the price of steem will be 0.25$ in february or may be cross or close from that price but it's 90% chance to remain that price.

Conclusion

Steem is a decentralized blockchain and it's price is depending on the Bitcoin and in these day the price of bitcoins is going to high by slowing speed I hope the future of steem and it's price will be bright.

15% go to @worldsmile

I invite the @steemdoctor1,@malikusman1,@fantvwiki,@sofian88 and @lavanyalakshman and to participate in the contest

Cc

@amryksr

Thank you

Achievement 1

written by:@cryptoloover

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Nice analysis from you. I too strongly beliving steem may hit $0.5 range soon.

Nice entry from you. Best of luck my friend.

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