Will the price of steem increase or decrease in the future?

in #steemit5 years ago

View this answer on Musing.io

Crypto currencies are highly unpredictable/ volatile.

These are mainly based on the speculations and trend change very sharp.

So no one can forecast the prices of Steem precisely. All we can give is our expectation. 

A crypto market is not regulated by some regularity authority so there is no one to safeguard the interest of small investors.

As some large selling and buying is observed or some news is broke, crypto market reacts very fast.  

Decentralized technology is still new to the world. Its market penetration and adoption is still negligible.

With the passage of time as more and more people are aware of this technology, it is becoming more and more popular. 

Now even many countries has started accepting this as currency and many other are in the process of adopting.

So in future a more countries will jump into it and it will gain more trust of people. Its value will also increase.