Steem price and 2025

Hello 🤗 guys, I welcome you all to my blog today. Today, I want to join the contest with the title Steem price and 2025 This contest was organized by the @khursheedanwar.

Source

How much steem will pump in 2025. Share your honest minimum to maximum estimate?

Having seen that Bitcoin halving took place in this year 2024 which has help to push all altcoins and memo coins to a new high, we even saw BTC at $100k+ which is the ATH of the father of all cryptocurrency.

Usually, based on historical data after the movement is Bitcoin, we have what we call the altcoin season which is a period where BTC makes little or no significant movement while altcoins make atleast 10x of their initial price at minimum.

Based on this analysis, you can see at the moment that the Bitcoin season is gradually coming to an end and this shows that altcoin season is fast approaching. With that in mind we can see the price of Steem and other cryptocurrency making higher highs and higher lows which means we are in a bullish area of the altcoin.

Looking careful on the price chart of STEEMUSDT on a 1W Timeframe you will notice that the market has been bullish for a while and the target is that it should break the $0.39 resistance level. We have seen the price rally to around $0.33 and then fall back to it current price of around $0.28

This shows that the resistance level hasn't been broken yet but we are anticipating that it will break when the altcoin season set in come 2025. Also based on further analysis of the market, I discovered that the ATH recorded around 2021 was at $0.65 as seen from the screenshot below.

This means that we are going to be seeing the crypto market around this amount come 2025. I'm of the opinion that based on the movement of Bitcoin, Steem is also going to do a lot of wonders when moving and I'm anticipating the price to hit $1.

The above prediction is the high which I believe the Steem price will hit in the coming year. Also I'm still very sure that there will be a retracement before the rebound of the price upward which is what we are seeing currently. Based on the retracement, I'm sure that the price will no go below $0.26 which means that there are tendencies that we may continue to print SBD through out this year.

Though I see the printing not in full as it is currently because due to decline in the price that we are going to see, there are tendencies that rewards will print in Steem, SBD and Steem power. So that is how I see the price of Steem in 2025.

Finally, I wish to invite my friends @dove11, @solaymann, and @josepha to also join this contest today and share their own opinions about this wonderful topic.