Compare to Bitcoin (BTC), STEEM is not only a coin that do things better than BTC (e.g. 3 second confirmation, 10K TPS), but also an asset class that powers many popular DApps. With SMT launch it will power many media companies, therefore, in the long run, STEEM price will increase not due to speculation but due to utilization and functionalities. I believe lots of top coins will loose market value because they are competing for same niche for example, all privacy coins- DASH, XMR, BCN, ZCash, PIVX, VERGE, BitcoinDark, Zcoin. Do we really need 10 ore more coins for same purpose. STEEM is unique and has almost no competitor. Therefore, projecting $3K at three times the market cap of BTC ($750B) is not very far-fetched.
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