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RE: Day 2 of Why STEEM is Undervalued
I'm curious about your estimation how long it will take to increase the access of steem and therefore the price of steem?
I'm curious about your estimation how long it will take to increase the access of steem and therefore the price of steem?
Great question.
It is mainly in the hands of STEEM Inc.
While other cryptocurrencies rely almost entirely on usage, they heavily focus on making their currency available everywhere.
STEEM Inc. has a social media user base and don't necessarily need to rely on the currency to be popular or available. I get the impression that STEEM Inc has a "field of dreams" philosophy in which "build it and they will come". This is why I have been so active trying to get support.
SMTs could give STEEM a boost in popularity and could potentially be a game changer. It is likely that the internal market that only has STEEM and SBD to trade will now have SMTs. This would create an unique market that exchanges may want a part of. We will have to see how that plays out. The rumor is that SMTs will launch at the end of 2nd quarter or the beginning of 3rd quarter.
I also think a game changer is to get SBD listed on Binance. SBD could potentially see massive growth like it did back in November. The key is to get that currency onto exchanges that are multilingual. Binance already lists STEEM.