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RE: Market Snapshot - Day Fourteen
I believe steem price should be 100 USD in 1 y from now. Why because of the limited supply and the low Market capitalization at the present time, Steemit is the only crypto that solves all the problems in one platform. Smart contracts via bots, media, social, video, audio, decentralized voting, Leaders with influence like ned . All of this suggests that Steem is the best and is not under the radar of any crypto trader. as the price fluctuation is very low. That is the only reason steem is so low. To stable to be profitable for short-term position.
Agree that Steem has very high potential upside as knowledge about this paying social media spreads. The inbuilt mechanism of the platform which encourages people to lock in their Steem as SP creates a supply shortage which is on top of the usual long term hodlers which are there for other coins. I do not think there are many altcoins which has such a dedicated and daily userbase as Steem has.