If you are just getting started with cryptocurrency, you may get a good overview of the vast varieties of cryptocurrencies that are out there at coinmarketcap.com This site allows you to see marketcap, price, and fluctuations in value of 173 different currencies.
The site also has a currency converter calculator which may come in handy if you are trading in Bitcoin for another currency. One of my favorite features of the site is a chart showing the biggest gainers and losers over the past 24 hours, 7 days, or as recently as the past hour. In the chart below, you will see that some of the currency has increased in value from 60% to 122% during a 24 hour period.
Whether you are interested in buying Bitcoin or trading Bitcoin for Amazon purchases, https://purse.io/ is another interesting site to explore. Many people do micro jobs on line to earn Amazon gift cards. Purse is a way to exchange those giftcards for Bitcoin or if you have Bitcoin and would like to have Amazon credit instead, you may also do that.
Even with over 173 currencies listed, I still believe that Steem has a unique opportunity to grow simply because of the platform and more importantly the community we have here. I like that Steem is not a stand alone currency subject to the whims of the latest trends of the masses. I like to think that the Steemit community is what, in the end, will raise this currency to new levels and the Steemit platform will help maintain its value.
Steemit has huge upside potential. You are spot on in identifying that the success of STEEMIT is and will be the result and strength of our Community.
The Network Effect has tremendous potential.
Playing around with some market value points of comparison:
Twitter, Reddit, and Facebook all carry market cap valuations in the Billions. Steem - the cryptocurrency has much room for growth. Based on coin market cap numbers you share: STEEM is presently listed around 171 Million dollars.
Is the platform similar to Twitter, Reddit and Facebook?
Yes.
Is it possible for the market cap of STEEM to climb into the Billions?
Yes
Remember, like you said: It comes down to "Community".
Power to the People :)
Steem and Steemit is a definite win/win relationship for everyone. Historically, this is somewhat rare! We live in interesting times indeed!
STEEM ON
:)
Very interesting post. Watching and learning.
steem is way under it real potential. keep calm & #steemit