RE: Could Steem be worth +$7.50, with a Market Capital of $1.87 billion and Ranked Number 10 in the Cryptocurrency Market? Yes, why not and here's why..!!
I was called the biggest steem cheerleader next to @stephenkendal the other day.
It seems most of my posts the last few weeks were pounded all that the steem blockchain has going for it. We even have an alternative to EBay with the @Steembay protocol that was introduced yesterday (already 50 auctions running as of this morning).
I am not sure of your correlation of Steem and Bitcoin pricing. Simply because the price ratio was something on a particular date does not mean it will get back there. Of course, your overall assessment of STEEM at $7 is correct...there is no reason why it cant be there...and soon.
I have a minimum target price on STEEM of $100...possibly in 2018. ETH saw a huge jump in large part to the ICO craze. With the SMT protocol, STEEM can foster the release of many coins designed utilizing the curation/reward system.
A lot going on with this blockchain, which the pricing of the token will eventually meet. When it does, many will be surprised. Of course, many of us are already talking about it.
If this happens in 2018, I personally will fly out to Florida and give you kiss on the forehead... ;) ;). Stephen
Well that is a first...never had that offered to me on here. LOL
My reasoning is simple.
A. Wall Street is on its way and they are bringing plenty of money. I forecast that the crypto marketcap will be $1.5T by the end of 2018.. while BTC will get the lion's share of that, it will spill over to other currencies and lift the entire sector.
B. ETH skyrocketed in part due to ICOs. SMTs will offer a similar path for steem in the creation of other tokens on this blockchain.
C. Commerce is starting on this blockchain. Steembay is a steem based auction house similar to EBay with the difference it costs nothing and accepts steem. People are going to have a place to use steem to get goods and services they regularly need.