Today Steem is currently listed on Coinmarketcap for $2.00 USD!
In a recent discussion I had with another Steemian I said that if Steem could establish a price floor of around $1.50 and shortly after breach $2.00, that a $3-4 price is possible.
I will be watching the markets closely
Are we in the beginning of a STEEM bull market?
We are certainly in a bull market for cryptocurrencies, nearly every coin has seen dramatic price increases in the last few months. It has not been uncommon to see 1000% gains. Steem has certainly benefited from the interest and money flooding into the sector, although it has not seen the same dramatic price action as we have seen in other alt coins.
Is Steem preparing to break out hitting $4 or $5?
It is hard to know for sure, the sector is notoriously volatile and wild price fluctuations are very common.
What I would say is that Steem continues to make higher highs and higher lows, we could be setup for a nice run, if that occurs price action could accelerate as speculators rush in looking to find the next big return!
I would stay on the conservative side hoping to see STEEM push $2.75 - $3, but remember anything can happen! The price could easily fall if whales decide it is time to take profits.
Let me know what you think in the comments below!
(This is not financial advice)
If you want daily updates on the price of Steem I recommend following @leongkhan who does Steem investor reports daily.
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I agree with your price target of $2.75-$3.00 in the short term. The number of Youtubers switching over to Steemit is bringing a nice influx of users and a growing attention economy outside of our Steemit community.
The Youtube Exodus will probably accelerate in the near term as well, I would expect the trend to continue for some time until the best kept secret in social media is known by all or most.
The best kept secret in social media indeed!
I think it is just a matter of time for "bigger youtube names' become aware of the existence of Steemit. And when that happens...I just can not imagine!
Haha, I can only imagine as well!
This is incredible news! Getting to $4-5 would be absolutely insane, and I have my doubts that it will happen anytime soon, but the community is constantly growing with new members, so I'm sure it will happen in the future. The question in my mind is how long it will take :)
We will see what happens, I think my price target of $2.75 is pretty realistic in the short term.
Yeah, it sure is. It's sitting at $2,37 now, so only 40 cents more to go for that goal :)
Amazing times! ★
:)
Fine thread. Good to see I'm not the only one that is thinking about this. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. This is quite an interesting website I found: https://www.coincheckup.com If you want to know more about the: team, product, communication transparency, advisors and investment statistics on every crypto then this is your go to platform.
Ich warte auf die 2€ Marke ;)
Excellent post my friend, visit my profile and read mine.
Thanks! I will try and check it out when I get a chance.
It is following the foot steps of bitcoin.
Steem will see 5 USD by the End of the year, maybe way faster.
We will see, I just hope we can maintain the growth and rising prices.
Speculation on number values aside, it's valuable to consider the fundamentals...
Steem has proven its utility.
It's not just another token, amongst hundred of generic coins. It's the fuel of an entire growing ecosystem that has a proven track record with a solid, constantly-improving application.
Even though ethereum has been going BiG with partnerships and support - what apps have really taken off on it? Mmm. Some prototypes and basic components, sure - though the tangible, measurable, publicly-transparent growth Steem has had over the last year outperforms anything developed on Ethereum, really - or if I'm mistaken, please do correct me. Not to say Ethereum isn't dope - it's just rather early in its evolution of functional apps with consistent adoption, aside from multi-million ICOs building prototypes, whereas Steemit has proven its concept.
Second, the tech is strong. Performance is top-notch. Yes, there may be updates coming for Ethereum, Bitcoin, and others, but the graphene tech steem is developed on handles probably significantly more transactions much faster with greater efficiency than alot of other blockchains.
And while Synereo, Akasha, and Yours have been in delayed development, Steem has been growing steadily as one of the most easily-accessible blockchain apps to the general public, with some pretty friggin awesome functionality. It's kind of a game changer.
All this considered, there are fairly valid fundamentals to support reasoning for capital to keep flowing into this ecosystem versus others which have limited utility and inferior performance...
I agree with almost everything you said!
In short STEEM is awesome and although less focused on, it is a great medium of exchange, fast, free and easy.
Graphene is also awesome!
Fundamentals are strong, I think we ended up hitting $2.60 roughly, so pretty clost to my $2.75 price target. I do think there is still a lot of potential for growth.
The only thing I would say is that there are a lot of projects on Ethereum that are really exciting, as you pointed out they may not be as visible as steemit at the moment, but they are there. @kyle.anderson is doing some great work covering the developments
https://steemit.com/ethereum/@kyle.anderson/introducing-status-gateways-to-the-decenteralized-web-bringing-applications-into-the-hands-of-users-mobile-ethereum-wallet
I also have a few posts in the works with more detail. The Ethereum Enterprise Alliance also boasts a very impressive members list.
I do think however, that if Zappl is successful and more apps are built on the Steem blockchain, your words will be very true! " It's kind of a game changer".
Thanks for reading and keep up the great posts, I love your work!