Is really steem price reach 10$?

in #steem6 years ago

View the original post on Musing.io

If you're asking if Steem price would hit $10, I don't think it's possible in the next one year

Why?

The cryptocurrency market have been taking a serious beating. A lot of fresh money would have to be invested into the cryptocurrency space before Steem can hit $10. Especially when you realise that a lot of people would be selling their Steem with each pump, creating resistance to the coin's rise.

However, if investors were to focus on steem alone, the price would go very high. However, I don't see that happening for two reasons.

1. Steem is largely centralized in its distribution. This is a turn off for most investors

2. It takes 13 weeks to withdraw one's Steem. Most investors don't want that. The alternative would be to store their Steem without powering up. But that would be a loss as Steem has an inflation model that dilutes supply. Any Steem that isn't powered up doesn't gain from the daily curation of new tokens

Sort:  

yeah no $10 ever. Maybe $1 or $3 in 2021

Coin Marketplace

STEEM 0.20
TRX 0.15
JST 0.029
BTC 65292.16
ETH 2651.21
USDT 1.00
SBD 2.85