$32.79 Steem - Can Steem Reclaim The Title of Third Largest Market Cap?

in #steem7 years ago

In July and August of last year, STEEM was the third largest crypto by market cap:

What would it take to get back to #3? Here's the current crypto climate:

In order to return to #3, we need a market cap 38.9 times larger than what it is today, putting our target STEEM price at more than $32.79.

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Well; I think Steemit needs 2 things: 1. Developers to make more updates to Steem Blockchain; And 2. We as people need to promote Steemit as a decentralized social media with profit rewards.

A lot can change in a year lol

Haha! Can it ever!

A scenario I see as more likely is Steem rising while others fall.

I also think that's a more likely scenario than Steem getting to $33.

That depends on the time frame...

Thinking a time frame of a year.

This is a mad, mad world. After what I have seen in the last couple of months, anything is possible!

$33?

Would we have finally m00ned by then or would we still be on our way? I don't know but I think it's a possible feat to achieve in a year's time.

May 2018 - Steem = $33. Wow!

eliminate bots and flaggin would be a good way to start..

I think the only way to eliminate bots is to get rid of rewards. As long as there are financial incentives, I believe we'll have bots around here.

There are some ways to give users more power, and by default, giving bots less power. For example, in the next HF, users will have the option to make their votes 4x more powerful. This will result in a lot higher percentage of rshares (voting) distributed by humans.

need to find a way to determine who is..and who isn't. ..a real human.

even if there were such a way, a way that can't be gamed, sidestepped, loopholed, etc, what good would it be? What would be the actual benefit to people around here?

in my not so humble opinion..that's just silly.

Which part of the comment is silly?

That doesn't really have anything to do with it. Those things don't influence the price much.

With over 200 million in supply, that will be hard to get it up to $32.

This post has been ranked within the top 80 most undervalued posts in the second half of May 12. We estimate that this post is undervalued by $12.16 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: May 12 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

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