From my point of view, judging from the rate at which new users join the community(2 of my friends' account got verified yesterday), the price is bound to increase at a sharp rate towards the end of the year,
My $20 dollar prediction is also out of optimism tho, but from a law I know of, the more the demand, the higher the value of the commodity.
Now; new users = new investors = more demand for steem and then all this naturally leading to an increase in the steem price with time.
From my point of view, judging from the rate at which new users join the community(2 of my friends' account got verified yesterday), the price is bound to increase at a sharp rate towards the end of the year,
My $20 dollar prediction is also out of optimism tho, but from a law I know of, the more the demand, the higher the value of the commodity.
Now; new users = new investors = more demand for steem and then all this naturally leading to an increase in the steem price with time.
Thus a $20 price is feasible during Christmas 🎄
That's my reason. 💪