After Steem’s initial launch, individuals quickly warm to the thought. The STEEM token saw a vast boost in worth, touching a capitalization of virtually US$400 million in period 2016.
But the explosion in quality highlighted variety of flaws within the system, specifically that a couple of whales managementled such a lot Steem Power that that they had nearly unlimited control over what content got rewarded (in several cases, their own).
This hasty ascent and subsequent exposure of shortcomings (among different things) crystal rectifier to the worth of STEEM tanking. This trend didn’t reverse itself till mid-2017, once Steem picked up a number of the momentum from crypto’s barnstorming rise last year (as the chart on top of shows). Rising from its low of around $.07, STEEM presently prices $2.01, and whether or not or not this can be an honest investment depends totally on however you see the platform.
If you get into the skeptics’ and critics’ purpose of read, you don’t see abundant of a future for Steemit. You don’t foresee a spike in demand for STEEM tokens, and so you’ll in all probability pass it over nearly notwithstanding worth.
If you read Steemit as a platform that’s attending to disrupt all social media, then shopping for one thing appreciate stock for $2.01 may be seen as Associate in Nursing absolute steal.
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