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RE: STEEM Broke Above $2, but Are We Now in a Bubble!?
Not a bubble however showing great organic growth. Steemit has not reached saturation by any means. I just feel people value Steem and are also buying it and trading it. The community behind steemit is also very large compared via this platform to most if not all other cryptos and it continues to grow every day with new signups so this is most likely a true if not undervalued market value in my opinion. There is also an emotional connection to the blog due to its nature. I feel Steemit is a $50 - $100+ crypto and that will manifest in time as the populous grows.
I also believe that STEEM is undervalued relative to the user engagement. I mean, we're seeing average weekly trading volume easily above 3 or 4 million... this is becoming a legitimate, mainstream opportunity. Once there, I agree with your forecasted valuation of $50 to $100.