Yeah I've seen that site, it really puts this whole debate into perspective. >1000x potential price increase implied for Steem. That's practically Bitcoin 2.0!
The highest I put in writing is $200...I think a $50B blockchain is very reasonable in the next 18-24 months.
That said, I read one of @jerrybanfield's post and he put a price of $1,067 on STEEM. At the time, I thought he was just throwing something out there to get attention, now I do not believe it too far-fetched.
Well according to the Activity Valuation Index (AVI) on Blocktivity, the price of Steem is now 1,255x lower than Bitcoin, given their relative levels of blockchain activity. That number is 9 for ETH, 4 for LTC and 1 for Dash. It sounds insane but a >1000x increase for Steem would only put it at approximately fair value according to this metric.
Yeah I've seen that site, it really puts this whole debate into perspective. >1000x potential price increase implied for Steem. That's practically Bitcoin 2.0!
LOL And I thought I was optimistic.
The highest I put in writing is $200...I think a $50B blockchain is very reasonable in the next 18-24 months.
That said, I read one of @jerrybanfield's post and he put a price of $1,067 on STEEM. At the time, I thought he was just throwing something out there to get attention, now I do not believe it too far-fetched.
Well according to the Activity Valuation Index (AVI) on Blocktivity, the price of Steem is now 1,255x lower than Bitcoin, given their relative levels of blockchain activity. That number is 9 for ETH, 4 for LTC and 1 for Dash. It sounds insane but a >1000x increase for Steem would only put it at approximately fair value according to this metric.
The thing is: Is Steem undervalued or Bitcoin overvalued? Maybe $1 for 1 Steem is fair price?
Well just put it into perspective, Steem now is the equivalent of about $10 Bitcoin, given the relative levels of activity on both blockchains...