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RE: What Will the Price of Steem Be at the End of October 2018?

in #steem6 years ago

I'm predicting more sideways motion. Nothing drastic will happen this month. I say $1.05.

One year from now: $3
Two years from now: $10
Five years from now: $97

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Wow @markkujantunen! Can you explain why you think Steem will hit close to $100 five years from now? (:

The current market cap of Steem is about $255 million. $97 per one STEEM means a market cap of about $25 billion or that of Ethereum today. I'm assuming that the total market cap of cryptocurrencies will be 20-50 larger than today and that the share of Steem of that will be 2-5 larger than today. Why am I expecting Steem to do better than most other cryptocurrencies? Because Steem has a growing ecosystem and has a lot of actual use even now.

Thanks @markkujantunen for sharing your reasons! I do echo your last sentence (: