It’s true that Steem was a great disappointment for investors in 2018. STEEM price went down from $6.441 on January 1st 2018 to $0.271457 on December 31 2018. However, it is worth monitoring our Steem price prediction algorithm: Steem might still have investment potential if not short term in 2019, then long-term. If you look for good return in 3 to 5 years, STEEM might be the coin to watch closely now.
The current Steem price is $0.170917, its circulating supply is 342 004 700 STEEM. Our algorithm predicts that based on historical data Steem price will be at $0.196152 in 1 week and $0.304141 in 1 month. Our deep learning algorithm predicts the STEEM price will be at $0.502300 in 6 months. Analysis of the cryptocurrency market shows that Steem price may reach $1.41 by 1st of January 2020 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that STEEM will stay around $1.27 in 2019, $1.41 in 2020, $1.49 in 2021, $1.71 in 2022 and $1.90 in 2023.
While creating the Steem prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $0.502300 and lowest possible predicted price is $0.379050.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Steem has the potential to stay within "survivors" team. Our Steem short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Steem Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Steem forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Steem (STEEM)?
The current price of Steem is $0.170917.
What is the current market capitalization of Steem (STEEM)?
The current market capitalization of Steem is $58 454 263.
What will be the price of Steem (STEEM) Tomorrow?
Our algorithm forecasts that the price of Steem will reach $0.174045 tomorrow.
In 1 year from now what will 1 Steem be worth?
As per the forecast and algorithmic analysis, the the price of 1 Steem will be around $1.27.
Is it profitable to invest in Steem (STEEM)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Steem (STEEM) as a short term investment. Steem can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Steem be growing in the Future?
Steem is potentially one of the most profitable among digital coins.
How high can the Price of Steem go?
Our algorithm forecasts that the price of Steem will reach $1.90 by 2023.
Is Steem (STEEM) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Steem now.
I'm unsure about STEEM. It's had a long time to gain traction, not only amongst crypto users but also for writers far and wide. It seems that their platform is stuck in a no-man's land where it's not receiving enough adoption or interest but it's not completely abondoned. STEEM needs some kind of significant catalyst to even make a dent in the market. Their social aspect hasn't been marketed at all, and I don't see why this coin should gain any value if the team isn't busy marketing its platform.
Steem is still one of the most interesting projects in the crypto world. Their platform lets people express themselves while getting paid by everyone that decides to 'like' their content. This is going to go down as a pre-cursor for crypto tipping on platforms such as facebook, instagram, and others. Once people realize they can get 'tipped' by just getting likes, a whole new economy will boom. Just like this generation is obsessed with likes, the new model will revolve around monetizing all these likes. It's going to be an interesting time to see what Steem eventually evolves into or actually becomes a merger with one of these big social platforms.
So, STEEM is a decentralized community / social network / platform with rewards to creators and content curators. The goal of the community is the motivation of the authors to create the best possible content and readers to search (discovery) and promote quality content. Content is published on the blockchain, which in theory provides protection from censorship and control by large corporations - owners of traditional content on the Internet. STEEM allows authors to stop advertising on their websites and blogs and continue to receive income for their publications.
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