It’s true that Steem was a great disappointment for investors in 2019. STEEM price went down from $0.282799 on January 1st 2019 to $0.129690 on December 31 2019. However, it is worth monitoring our Steem price prediction algorithm: Steem might still have investment potential if not short term in 2020, 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 $0.170275, its circulating supply is 357 795 214 STEEM. Our algorithm predicts that based on historical data Steem price will be at $0.220479 in 1 week and $0.268609 in 1 month. Our deep learning algorithm predicts the STEEM price will be at $0.351638 in 6 months. Analysis of the cryptocurrency market shows that Steem price may reach $0.616705 by 1st of January 2021 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 $0.556167 in 2020, $0.616705 in 2021, $0.651065 in 2022, $0.746972 in 2023 and $0.830781 in 2024.
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 $0.351638 and lowest possible predicted price is $0.265357.
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 $0.170275.
What is the current market capitalization of Steem (STEEM)?
The current market capitalization of Steem is $60 923 473.
What will be the price of Steem (STEEM) Tomorrow?
Our algorithm forecasts that the price of Steem will reach $0.186572 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 $0.556167.
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 $0.830781 by 2023.
Is Steem (STEEM) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Steem now.
I used to hang out doing some blogging on Steamit, the blockchain-based social media platform that pays content publishers in Steem and Steem-backed Dollars, and even made some good money when the price of STEEM had hit $14. But now the platform is living through the "dark age" as a significant part of its user base had left it once the bear market took a full swing.
My first acquaintance with cryptocurrencies was thanks to Steem and its social media platform Steemit. That was back when the registration there was free and we were just approaching the crazy winter of 2017. I started out an own blog on that platform and after some time, earned a good amount of Steem Dollars, the Steemit native currency, for just posting interesting content and getting upvotes. Unfortunately, Steemit has been stagnating for a long period of time, which translated to the price of Steem that is currently a mere $0.1 per coin.
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.
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