STEEM to be top 5 or 10 cryptocurrency (again!), it has to be listed in top exchanges.
STEEM is currentlyy ranked 34th by market cap at CoinMarketCap. It topped 4 just after its release to public and was top 10 at the beginning of this year (2017).
The main value of cryptocurrency is driven by the speculation of growth. Though STEEM (blcokchain) is getting better and user base is increasing. Even the activity on the blockchain is highest among the cryptos (http://www.blocktivity.info/), it is falling in its rank by new ICOs, and older cryptos/ICOs.
Yes, STEEM (e.g. steemit.com) has limitations. Not all are agreed on the reward distribution and there is huge conversation going about vote buying (e.g. bots). These are open for discussion and will be resolved by time (may be not, may be not required). Overall, STEEM has lots of economic activities going on that are lacked by other 33 coins above STEEM.
What it lacks is speculation of growth. For that it has to be listed on the all top exchanges. Currently it is listed only on top 3 (bittrex, poloniex and hitbtc) out of top 10 exchanges by volume at CoinMarketCap. With more exchange trading STEEM, it will get interest from traders. Volume will increase, so will speculation which ultimately, increases the price of STEEM. An increase in STEEM price will bring in new users which will help proficient blogger to increase their earning.
What is your thoughts in adding STEEM to top exchnages?
Thanks for reading!
@riseofth
Cryptocurrency Miner since 2013, occasional trader and blogger
Yah, Steem has practical value. Bitcoin and other older cryptos become more store of value and suiff for speculations.
Also they have lot of technical limitations. The time will judge!
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