What do you think will be the key to $10 per Steem price?
Please give us some valid features/news/updates/key additions what will be the key to achieve that $10 per steem.
What do you think will be the key to $10 per Steem price?
Please give us some valid features/news/updates/key additions what will be the key to achieve that $10 per steem.
The main Key is time and patience.
Because Crypto in general and Steem in particular has still lot of potential in it. Especially if someone is targeting it for a longer period.
If someone intends to invest in this business, one should be very careful and have proper study of the crypto currencies, which he/she intend to buy.
One should also be very clear which type of investment he/she wants to make i.e short term or day trading, medium term and long term.
It seems that prices are at the lower side and eventually will go up if invested for the longer period. The point here is one should invest only that much of amount which he can afford to hold for a longer period.
If the value of Steem is not increased, it is still profitable as we can earn by investing it in Steemit platform.
To me, Steem has a great future.
Moved to the Hive platform.
I think that any cryptocurrency token needs a real world use case if it is to succeed in future. This means that the people investing in it are doing so for more than just speculative profit. Steem blockchain defines the very meaning of real world use by bringing platforms like musing,io and steemit.com to our fingertips. These are all reasons that will make the price of Steem rise in the near future.
Getting paid for content creation is not ground breaking but what is ground breaking is the fact that the Steem ecosystem is incentivized in manner that a user has a stake in the system (Vested SP). Therefore most of the users are financially invested in the platform. This increases user retention and loyalty to the Steem blockchain, since users are invested to see the platform succeed.
All the above points are something that we all know about Steem in general but there are several key points that are worth mentioning separately. Here are the things that will be a key in taking Steem to $10 and beyond:
1. The HF20 is geared towards making dapps the kings on the Steem blockchain. It will effectively make sure that you can make Steem accounts on the dapp itself (this feature will soon go live). Dapps will become free from having to go to steemit.com to register new user account.
2. Platforms like musing.io will grow, gathering and collecting the SP for their needs and this will create a shortage of Steem in the market and thus raise the Steem prices.
3. SMT's will soon follow in January and will allow dapps to issue their own tokens based on the native token Steem. To issue tokens they will need to collect more Steem to back their tokens and thus create further shortage of Steem tokens in the market. This in turn will further raise the price of Steem.
4. The HF20, the SMT's and several other things that have been done to provide more scalability to the blockchain will make sure that Dapps would overtake all other projects on the blockchain. Steemit.com would be there as always but it would be dapps that would propel us towards a higher value of Steem token in the market.
Well the main key is more users of course. There is a rule about the value of a social media company that says if the amount of users grows by 10x the value does grow by 100x. Steem is still very small compared to big social media platforms. So there is a lot of space to grow.
Also it's important to have new Dapps like Musing.io , DTube , Steemmonsters ....
A other thing that will boost the price will me the launch of SMTs next year. In my opinion this does add a lot of value to Steem.