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RE: So, What It Would Take For STEEM To Be A Top 10 Cryptocurrency?
At those prices (top 10) the daily reward pool would be astronomical.
As long as rewards are distributed widely and not to just a few, as the price climbs it could become a self prepetuating bull run.
That's a very interesting observation and I confess I didn't think about it. But it adds an interesting dimension to the discussion.
From a certain point of view, the growth of STEEM may be hindered by its user base, which is not enough yet to justify such a big price. Given that the "reward per average person" will stay the same when we will have not 50k active users, but 500k active users, that will mean an increase in the market value by 10x. If I'm not mistaken.