I am very honoured to be a member of compus connect community and very happy for this contest, it is always a pleasure to write about our great blockchain steemit.
About Steemit
The Steemit blockchain is a social platform that is aimed at bringing it users together to present bright ideas through interactive means playing the role of a social media and serving as a means of communication between her users. but unlike our typical social media platforms like twitter and facebook, steemit is a decentralized social media platform that reward its users for creative content made.
The steemit blockchain has a native token steem an sbd which is in the form of a stablecoin pegged to the value of US dollar but do experience upward price movement in a bullish market unlike our little stable coin.
Steemit is a wonderful platform with lot of communities which ensures its users never run out of contents to post about which could be about music, dancing, art work, cryptocurrency, life, fashion, and campus life and so much more. the platform is bringing a lot of users in it as a continue to expand and grow.Our wonderful blockchain steemit was launched in 2016 and had a wonderful team behind it and nice integration and development.
Steem Price History
The platform after it's launch in 2016 with the massive development and integration it had at the time the price of his native token soared to $4 making a 1600% increased in just a week. recently though one might argue that there isn't much development going on on the Blockchain at present.
During the 2017/2018 bull run our blockchain seems to be rather flourishing and during that period of time the price of the blockchain native token steem reached a height of $8. One thing I notice is that when there is good development and integration going on on a blockchain or project it always tend to positively affect the price of the project coin in an upward trajectory.
My Steem Price Prediction Now
It is true that recently there isn't as much development going on like we saw through 2016 to 2018 which coincided with the bitcoin bull run around which time we saw the steam eat native talking steam have a price surge. I do believe though that at presents based on the trajectory we are in and based on the current bitcoin bull run like we saw in 2016/2017 that affected other coins into bullish mood then considering the facts that we are still in another bullish cycle and at the rate at which people are flocking into the crypto space and the money inflow into bitcoin, nft's,meme coins, defi and other altcoins and considering the parabolic and crazy run we are seeing in the market I wouldn't be surprised if steam does a double from its previous high of $8 in this run i see Steem easily hitting $15-20 and sbd hitting $50 by the end of this cycle.
Where I see Steem In 3 Years Time
Now let's say the general bullish mood of the market was to see the price of the steem token hit this price target of around $16 and the SPD around $50 if that was to be the case then from now till the next three years or end of the next bull run which is estimated to start from 2024, hopefully before them will see the development we are looking for coming into this blockchain from now till then. with the high influx of people coming or entering the cryptospace and coming into the steemit community we will likely see investors enter the steemit blockchain who are ready to invest on the platform from now till the nearest foreseeable future.
I see development and massive integration happening on our blockchain steemit which will put it in a position to easily be one of the widely used social media platforms around the globe which would of course lead to the token having big move in the upside and being there as one of the top coins on coinmarketcap and finally steemit being recognised as a first social media platform that rewards its users for creating quality creative content and get the mainstream adoption that they rightly deserve.
When the amount of steemit users massively increase with each user holding up much SP and investors coming in to make investment, who would see the steemit native token steem and the steemit blockchain as a good project and when the development and integration we are all hoping for takes place which I believe will happen easily from now till 3 years time because steemit it is a wonderful blockchain with a nice community then I easily see the steam token hitting $50 from now to 3 years and it usd dollar pegged token SBD reaching at least $200 in the nearest future. this is how I see the cement block chain in three years time and does on my personal predictions for its tokens.
Conclusion
Generally i believe that cryptocurrency is the future of money it has indeed come to replace the traditional financial system and make provisions for the unbanked population of the world. and within the short period of time I have been in this space I believe that no one who has ever invested in crypto and have that long-term approach of 5 to 10 years has ever lost in the long run. And this our community still made and what it does bringing great minds together to interact and produce educative content is like of which should be greatly appreciated and with the way this platform is built in a decentralized manner I believe that we have great height to reach and the sky will not be our limit but it will be our starting point. In this race that who give up for lose
Hi @chirich
Thank you for this wonderful content, keep posting this quality contents on #campusconnect
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Thanks for your comments really appreciate @dayographix
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