BTC$23 363.14


ETH$1 868.52




USD Coin


Binance Coin




STEEM Price Forecast for November 2019

October 2019

Steem is a blockchain solution that enables users and content creators to earn the project’s proprietary cryptocurrencies - Steem (STEEM) or Steem Dollars - by engaging with each other on the social media platform called Steemit.

The fundamentals

The process of engagement involves publishing written or video content in the blog, which gets upvoted (or downvoted) by the followers or other members of the Steemit community. Each upvote earns the creator a certain amount in Steem Dollars, depending on the so-called “voting power,” which relies on the amount of Steem tokens staked in the personal blockchain wallet that is provided to all users upon registration.

Users can upvote the content for the duration of seven days, making it more valuable and visible on the platform - the funds stay locked at that time. Once a week after the publication date passes, the creator’s wallet gets credited with the corresponding amount of Steem Dollars, which the user can subsequently exchange to Steem, thus boosting the status of his account on Steemit, or exchange it for other cryptocurrencies by virtue of various exchanges.

Steem also has a number of side projects, such as DLive, which was designed as an alternative to YouTube, right at the time when the larfgest video content publishing platform began implementing draconian measures with regards to monetization and ad placement. The popularity of DLive exploded after PewDeePie, one of the biggest names in the community of YouTubers, announced that he would be switching from YouTube to the blockchain-powered platform.

How Steem performed in 2019

However, all these positive initiatives have only managed to keep the price of Steem, and the accompanying Steem Dollars, afloat without taking serious dives over the course of the current year. Long gone are the prime days when Steem was at its all-time high of $7,28, to the jubilance of the holders of this coin.

It should be mentioned that Steemit locks a half of earned tokens in the wallet to increase the weight of the account. Withdrawing such funds takes something around 13 weeks, so all those who had missed the right moment to sell Steem in 2018, when it has been rolling down to its current price level of $0,14, got stuck with substantial amounts of STEEM all the way through 2019.

At the dawn of the year, STEEM bottomed out from $0,25, before reaching the yearly highs of $0,5 in April. After that, the cryptocurrency had performed what seemed to be a dead cat bounce, falling abruptly to $0,3 and then making a quick recovery to $0,43 only to continue the downfall, breaking the $0,3 resistance and finding some ground under its feet at $0,13.

The predictions for the remainder of the year doesn’t look particularly bright for STEEM since the company has engaged in a feud with users over the voting power on the platform.

How STEEM might behave in 2020

In order to resolve the aforementioned issue, Steemit has introduced the new system for reward distribution called NewSteem, which suppose to make the underlying algorithms fairer. The results of this initiative may become evident at the beginning of 2020, which should be reflected in the price of STEEM. However, it would be unwise to expect any radical shifts in STEEM evaluation since the platform’s reputation had already been hampered.

In the positive turn of events, STEEM would recover back to its 2019 highs of $0,5 by May 2020, on the back of the expectations from the BTC halving. Otherwise, it could continue bouncing back and forth in the $0,14 - $0,2 corridor.

Author: Alex Paulson for


STEEM Pumps Massively After the Hard Fork
STEEM Pumps Massively After the Hard Fork
Steem (STEEM) Price Prediction
Steem (STEEM) Price Prediction

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 90.4% 11 $23 363.14 -0.03% -2.65% $446 823 684 066 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70.8% 57 $1 868.52 1.92% -0.51% $227 993 947 896 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $0.999977 -0.01% -0.04% $67 547 880 122 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $0.999951 0.01% 0.01% $52 853 692 355 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 67.6% 63 $303.33 -1.00% -6.38% $48 938 685 508 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 88.4% 10 $0.378717 0.24% -0.28% $18 700 123 577 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 95.6% 1 $0.999950 0.02% 0.01% $18 538 747 093 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 82% 27 $0.528389 -1.39% -0.64% $17 930 371 507 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 79.6% 35 $40.86 0.98% -4.45% $14 252 057 103 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 83.6% 28 $0.077619 -3.50% 9.27% $10 297 802 123 DOGE 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 HEX (HEX) HEX HEX predictions 67.6% 66 $0.055681 -5.02% -9.31% $9 655 716 850 HEX 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 69.6% 55 $8.39 -0.08% -8.83% $9 297 483 290 DOT 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 74.4% 43 $0.000014 -4.14% 15.33% $7 806 235 316 SHIB 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 82% 24 $0.893855 1.02% -2.98% $7 188 492 292 MATIC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.