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RE: Why the price of Steem is surging.

in #steem7 years ago (edited)

The crazy thing is Steem isn't even a top 100 social media platform, 30,000 active users is nothing compared to major platforms. It's safe to assume that it's completely undervalued and the future looks very bright.
In the short term it's also broken out of a 16-month cup&handle pattern, last time it broke out of a 1-month cup&handle it went up by five times. Anyone selling now will regret it, I assure you. My short-term target would conservatively be around $20, but I wouldn't be suprised if it reached $100 in the mid-term. Yeh, you heard right.