Can STEEM get to 1% of Bitcoins MarketCap?
Do you believe that STEEM can raise to at least 1% of Bitcoin's Market Cap (1% Market Cap of BTC is currently 1 Billion) with all the functionality the STEEM blockchain already has while just 1,5 years old?
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In my view there is no doubt that a minimum Market Cap of 1 Billion is absolutely realistic given that their are running already various functional applications on the STEEM blockchain like:
- Steemit, Busy, Steemiz, ChainBB (blogging platform)
- esteem (mobile app)
- Zappl (micro blogging)
- DTube (decentralised Video platform)
- DSound (decentralised sound platform)
It doesn't require much imagination to see that those applications alone will drive the value well beyond a 1 billion in Market Cap once people realise that they can earn money using it. I didn't even mention SMT's (Smart Media Tokens) yet that will be introduced soon and add another layer of value and usability to the STEEM blockchain.
So what does Market Cap of 1 Billion (1% of Bitcoin MarketCap) would mean to the STEEM price? 1 STEEM would be worth around 4 USD (1 Billion / Circulating Supply). That is a 400+ % profit increase based on the current price.
Nobody knows how it will develop eventually but based on what we know today I am very optimistic that STEEM is a great speculative investment with a lot of upside potential.
*Please not that I am invested in STEEM and my bios is definitely towards STEEM. This is not an investment advice but my own opinion.
Now that the main front end, steemit, seems starting to work better without stupid DDoS attacks and error messages I'm fully convinced on the steem success... we have just to spread the word and promote the platform!!!!
Yes I agree with you. The more people use STEEM related apps the better.
I see a 1 billion market cap happening in the near future. As you mention that is a 400 percent increase from here as you say.
So in other words Steem is a very good investment right now. In order for Bitcoin to increase the same amount percentage wise it would put its price at above 30 K.
I think Steem is a better buy right now for sure
Totally agree my friend. Perfect investment with a lot upside potential.
@tarekadam I think you are right about the price of STEEMIT and we will see a higher price soon.
Yes, after the BTC fork mid November the STEEM price (and other alts) will raise most likely.
STEEM is the number 1 social network blockchain , it will be Huge , i think steem will reach 5$ very soon
I think 5 USD is absolutely realistic, maybe not this year but next year.
I agree, it has a lot of potential.
In June, the Steem market cap was high and many new users (like me) came, however many left too since: it is difficult to build/reach your communities, the investment in time is very important.
Lot of people also sold Steem to buy BTC or many other cryptos during this crazy summer, which does not help to keep the price up.
IMHO Foundations need a big boost on the features set in order to reach the next market cap milestone.
Being on the platform for over a year I see the improvements and innovation going on here. Look alone to the awesome people we have in this community creating valuable apps and more are coming.
You got my vote and a resteem :]
Awesome, thank you!
@minboot resteem this Post .
Follow me to Resteem!
this can surely happen with lots of developments around the block chain happening each day but it might take a little more time than expected