Look at the rising volume! The sweet accumulation period is about to come to an end. There will be dips along the way, but overall 2018 will be a great trip!
Total accounts created on Steemit 668K+
Daily number of posts 250K+
Daily active users 60K+
Average daily new accounts created 2500 - 12500
And counting!
We use social media every day so why not get paid for it in a cryptocurrency that will increase in value.
Personally, I do not know why anyone would stop using this platform, do you? If you have a few hundred dollars laying around, buy STEEM.
The idea is so revolutionary that I can imagine that Steemit becomes the most popular social media site for techies.
The ability of early participants to earn a lot of money sounds like a ponzi scheme, but Steemit has made some steps to keep the market unchanged and increase its long-term viability.
While I agree STEEM will increase, it cannot go to $100. That would put its market cap at 247.5B. BTC is only at 188B. So you're saying that STEEM will exceed BTC by 30%. I am on the same page with your RE supply and demand analysis. However, to call out a future price like this means your getting caught up in all of the crypto hype. Please don't let that influence you.
tradewonk
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@MauMau, That's not true. 1 steem is $6.25 today with a market cap of 1.547B. $100 ÷ 6.25 = 16. 16 x 1.547B = 24.7B Market cap. Until that time it will happen, many other coins including bitcoin have fortunately increased as well, so steem will might be only at 10th.
MauMau
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@tradewonk, STEEM has a circulating supply of 247,491,244 at this moment. So you are correct. My apologies. Not sure what math I was using. I think I need to go back to bed and start this day over.