Why you should get your lunar suits ready for STEEM.
Considering past and current events, I have a lot of reason to believe STEEM will be testing new highs in the weeks to come, and those of you who felt 'left behind' after hearing about the massive rocket launch of July 4th might find the ideal chance to get your lunar tickets now.
Consider the graphs below; STEEM is largely stable, untill today. Today a giant amount of funds was drained out of altcoins across the board, by investors scrambling to get on the ETC rollercoaster. ETC has the signs of a bubble. With no real future value or dev team backing it just yet, it's riding on the coattails of counterculture and anarchism. Wether you agree with the hardfork of ethereum and the resulting split into ETC or not, it seems rather clear that both currencies are overvalued for what they offer and the risks they pose.
the 7 day movement of the STEEM price - note the stable price graph with a downtrend today
the 7 day movement of ethereum (sharp downtrend today)
the 7 day movement of ethereum classic (massive spike today)
And that bubble value in the ethereum network is exactly why STEEM will be going up. Investors in the ethereum network will be taking profits and they'll have three main avenues to invest these profits in; Fiat currency, Bitcoin and STEEM being the big players. Consider, for a moment, that when the ethereum blockchain bubble pops STEEM will be the second biggest marketcap of ALL cryptocurrencies and the future does look very bright indeed.
Wow, this is an awesome read! I really hope that Steemit will be the second biggest currency :)
It will be! We're already adding more tangible value to the blockchain than all the other currencies combined - the market cap and price will reflect that, it's just a matter of time.
It's popping hard!