Nothing is boring about cryptocurrency, something would catch your eyes.
Steem and BitShares caught my eyes this morning. Both giants within their own rights caught some fire early this morning and they both setting up nicely for the weekend ahead.
BitShares in particularly has jumped all the way up to #13 as the most valuable cryptocurrency in the world. It has +50.14% increase in the last 24hrs taking it from #19 on the list all the way to #13. Currently price at 0.22 cents per coin. How much ground can this cryptocurrency giant gain and maintain this weekend or would give up its gains and fall further down the packing order. Time will tell. Its probably missing out on old times, and longs to be in the TOP5 again.
Steem setting up nicely for the weekend. It has gain some +24.45% in the last 24hrs moving from #13 to #11 most valuable cryptocurrency in the world. It setting up nicely for the weekend and I expect it to get into the TOP10 most valuable coins in the world by the weekend. Currently price at USD2.77 per coin, I expect it to flirt with with 3 dollar mark this weekend and even pass it. I am looking beyond this weekend for this coin and I am looking at another significant milestone and I think it would come sooner than most people think, I am talking about the 1 billion market cap. I have set a target of June 28 where the market cap of Steem would flirt with 1 billion mark and surpass it. These are my two main reason, Steem is approaching the psychological 5 dollar mark per coin and I see it reaching that milestone towards the end of the month, as it approaches the milestone, it would attract investors and traders that prey on that psychological level. Like Stratis, I see this as the catalyst propelling it to the 1 billion mark. If we remember no to long ago, Stratis cross the psychological 5 dollar level and within 9 days it break that 1 billion dollar mark. Like Stratis, Steem has everyday and real day use but this is where I expect Steem to take the edge, Steemit is a social media platform that is attracting users from all over the world. I am amazed at the quality of people using the platform and my interaction has been great. Given its significance and traction, I expect users, traders and investors to begin showing signs of hoarding disorder with regard to this coin. This would cause further spike in the price of the coin and demand for the coin lifting its market capitalization to the 1 billion mark.
This is a speculative piece and big thank you to the Steemit team @dan @ned @vandeberg @sneak @zurmarvic @andrarchy, along the line of the Bitcoin development, this project is closest representation of the "Holy Grail". I would go as far as saying its the "Holy Grail" of social media.
Upvote, Resteem and follow @daudimitch
Sources
https://coinmarketcap.com/
https://www.google.com/search?q=bitshares&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiNi66nhrHUAhVEOCYKHeEuBaAQ_AUIDCgD&biw=1242&bih=602#imgrc=NNI65oSbhqQNCM:
http://www.mayoclinic.org/diseases-conditions/hoarding-disorder/home/ovc-20317407
https://www.google.com/search?q=steem&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjxzLWKjLHUAhXH5CYKHYT0B9UQ_AUICygC&biw=1242&bih=602#imgrc=Gcl2pNVLbZPWtM:
Alot has been happening in the cryptocurrency world lately, I am excited to see what the future will bring with all the new coin innovations and technologies. It's like they are all in a race to catch up with the BTC value. This is the time to beef up the low cap altcoin portfolio. BTC is great(except for the fees that are sky rocketing) but BTC doesn't go up 50 to 60% in one day.
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Yep definitely its an interesting time, you have to also remember that the entry into other altcoins is through Bitcoins. In most cases you have to purchase Bitcoins and then exchange or buy your coin of choice using Bitcoin. Its setting up a very nice symbiotic relationship with altcoins and Bitcoins, because the increase value of Bitcoin also increase the value of other altcoins and as altcoins grow in demand, so to would the demand for Bitcoin. Bitcoin may be seen at the moment as a store of value and strangely a hedge against uncertainty. The future is definitely looking up for cryptocurrency, am not to worried about fees, as the market matures, the free market would determine fees. There is alot of competition, so that would help drive fees down and increase value. Coins with everyday use and continued development could one day easily surpass the current Bitcoin prices. That's what makes Steemit a very interesting platform, its current price and market cap is not a true reflection of its VALUE
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There is def a symbiotic relationship between BTC and Alts, but the fees that were almost, "unnoticeable" before are now becoming really significant. My portfolio is large enough to absorb those fees, but 50k here and 100k there, adds up. Take for instance Cryptonator; whom used to charge 10,000 satoshi now charges 50,000 to send BTC. Coinbase just charged me 80 or 90k satoshis to send the BTC I just purchased from them. I might sound like a tight wad, but I have put a lot of time, cash and effort into hording and trading Cryptos and have never cashed out a dime, I truly believe Crypto will be the money of the future.
Didn't mean to rant, just blowin off some STEEM ;)
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I understand you, I certainly hope they take everyone opinions seriously
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