Steem Price Prediction
Best advise? Study these charts 📖
Today's ForecastsSteem(STEEM) opened trading today at $0.21. It achieved a Market high of $0.22 and a subsequent Market low of $0.21, Representing a change of $-0.0038 and price percentage change of -1.81% . Its current Price is $0.21 representing a market share of 0.00% only.
A total volumn of $2,194,775 worth of Steem traded hands today, achieving a Maximum Market Cap of $20,856,434 for the day.
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The Bull Case 🐃 for Steem
Many people are looking to invest in digital assets (including Steem) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Steem as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Steem has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Steem is currently trading around $0.21.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Steem
Steem.it is a blockchain-based social media platform where anyone can earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem based currencies in a vest fund, which generates interest.
There are three main currencies in Steemit: Steem, Steem Power (SP) and Steem Backed Dollars (SBD).
Steem is liquid and can be bought in an exchange and converted into steem dollars or steem power.
Steem Power is basically Steem that is locked in a vesting fund for 3 months. Users can use steem power to upvote content and get curating rewards.
When a user upvotes content his steem power gets depleted and then slowly regenerated. Steem Power holders recieve interest from their holdings. The more Steem Power a voter has the more revenue he'll generate for himself (in form of SP) and for the content creator (In SBD).
There is also an incentive to upvote content early, as the rewards are distributed according to time. The earliest votes gets the biggest share of the reward.
Steem Backed Dollars are there to protect content creators from volatitlity and can be traded for roughly 1 usd worth of steem, in order to cash out from steem. Converting Steem backed dollars into STEEM takes 5 days. Users also recieve interest from holding SBD. T
Steem is a proof of work currency with a scheduled blocktime of 3 seconds. Steem PoW mining is done in rounds of 63 seconds by 21 miners (witnesses). 19 of the miners are pre voted, one is the other with the most computational power, and the last one is selected from a queue of witnesses that did not get on the top 19 voted witnesses.
90% of the block reward is allocated to a vest fund to reward curators and PoW miners, the other 10% are made liquid in the form of steem and are used to reward content creators. Steem gets converted to Steem Backed Dollars and sent to the content creator.Visit website open_in_new
STEEM Trading Stats for Today - 2020-09-03 06:15:13 +01:00 BST
|Current Supply||99,692,128 STEEM|
|Total Supply||99,692,128 STEEM|
|24h Volume (coin)||10,490,850 STEEM|
|24h Volume (currency)||$2,194,775|
|Last updated||2020-09-03 06:15:13 +01:00 BST|
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Common STEEM Price Prediction Questions
What is Steem’s potential future value?
STEEM's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Steem is and what it does. This is because Steem's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can STEEM make you one?
What is going on with Steem's price?
In order not to be too rattled, read our Fundamental analysis above on Steem to know if it’s a good hodl.
How high will Steem go?
No one really knows for sure. We however predict STEEM might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Steem(STEEM) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Steem to see its expected value. You can also visit Steem's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Steem website page will quickly provide you with that value.
(Other questions we can't answer because we aren't God: When will Steem price rise, why is Steem price rising, will Steem keep rising, what is going on with Steem price, how much has Steem gone up, will Steem price rise, is Steem value going up, is Steem going to keep going up?)
Why is Steem's price going down?
It’s difficult to tell right now as the daily STEEM candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Steem's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Steem, Simple click the Social Button on this page, located immediately below the Price Charts.
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