You are viewing a single comment's thread from:RE: The Price of Steem should currently be trading at $2.22 and here's why:View the full contexttheoccultcorner (57)in #steem • 7 years ago Ya but steem dropped to .88cents usd why is is dropping so low if steem should be growing?
Because it's still new and in beta. Their's no guarantee yet that Steemit will be a Facebook killer.
But every day the platform survives, more unique content get's created and so the overall value of the block-chain should increase.
So a stable price of Steem means that the underlying value is growing faster than the coin. Which means that the coin is undervalued.
@jcornel hey your post came true! steem went to fucking $8 + in jan 2018 lol if only we had perfect hindsight