What method can we use to make steem price to rise to 10$ before end of this year?

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Price of Steem and other cryptocurrencies depends on the price of Bitcoin and other factors like governments' attitude, pumping and dumping schemes etc.

However, Steem is still an undervalued cryptocurrency. It's price should have been over $2 in current market situation but it is hovering between $0.75 to $0.80 these days while Bitcoin is going nicely around $6400. Other cryptos are also performing well.

It is very unfortunate that Steem has one of the fastest blockchain and transaction cost is nil here. It has more traffic then many other top cryptos but its price is very low. First of all we need to investigate the reason of falling price of Steem then we can find the solution. I think there are several reason behind the low price of Steem. This platform is still in a nascent stage. Not many people are aware of this platform and the user base of this platform is very small compared to Facebook, Twitter, Instagram and other social media platforms. This platform has just one million accounts, out of which many accounts are inactive or pertain to bots. Several people also have multiple accounts. So, the real users are not so much as it should be. User retention rate is not very encouraging as well. Many people quit after trying their luck for sometime. I think following things need to be done to make this platform and its core i.e. Steem coin to rise:

Increase the user base: It takes several days to open an account on Steem blockchain. This time should be reduced and people should be encouraged to participate more on this platform. After HF20 it has become very difficult for newbies to do much here. They don't have enough RC to interact much which is discouraging them. Something must be done in this regard. It all depends on witnesses and Stinc to take appropriate action.

Amend the Steemit interface: Steemit interface is still in Beta stage and looks very unattractive. It must be changed to attract new users. @ned had assured us that he is working on to change the Steemit interface. If it is done correctly, it will definitely attract many new users.

Promote Steem: In this era of marketing and publicity, one cannot grow a business if public is unaware of it. People should encourage more users to participate on this platform. Social media platforms can be used to promote this platform. 

Amend the reward distribution system: Many hard working people are not getting good reward for their quality posts while some manipulators are able to rape the reward pool by their shit posts. This is really discouraging for the hard workers. Steemit should do something to promote quality contents. Many communities are doing the right things but their efforts are not enough to make much impact.

Attract the investors: It is not possible to do much for this platform unless big investment is not done here. Investors will come here only when they are sure of getting good return for their investment. People should also buy Steem to increase its price. I have invested some money here but unfortunately I cannot do much as cryptos are banned in my country.

Recommend Steem to be added to more exchanges: Whenever one gets chance, one should recommend Steem and SBD to be added to various cryptocurrency exchanges. It will give Steem and SBD a wide publicity and more people will attract towards these coins. Certainly it will help Steem and SBD prices to rise.

Avoid blunders: Implementation of HF20 was a disaster. It distracted many dedicated users of Steem platform. It became impossible for even the large SP holders to perform any action here. Many opened accounts on other Steemit clones like weku.io etc. It Seemed that Stinc and the witnesses had not done enough homework before implementing HF 20. Such mistakes must be avoided as it not only discourages users but also the investors become suspicious of the Steem platform. Still many people thinks that it is a ponzi scheme. Such blunders cement their doubts.

It is very necessary for any cryptocurrency to be acceptable by common people. Steem and SBD should be supported by more wallets and people should be able to use these cryptos to buy things directly. For this purpose, the promoters of this platforms should encourage stores, supermarkets and other business hubs to accept Steem and SBD as medium of exchanges, similar to Bitcoin et al. Once common persons (non-steemit users) begin to accept these coins for their daily transaction, the price of these cryptos will skyrocketing. Launch of SMT can do a lot of things to this platform. We are waiting eagerly for such things.