I don't believe steem is worth it:
Steem market cap: $174,322,808
I just don't see an underlying value to these figures posted recently on http://coinmarketcap.com/.
Does it even matter what the real underlying value is. An an investment platform alt coin is booming.
https://cointelegraph.com/news/japanese-investors-might-be-fueling-the-next-altcoin-bubble, introduces the idea that many investors don't really understand the inherent value of alt-coin.
A bubble or just a stepping stone to something much much bigger?
They could advertise and get referal fees so there could be some sort of monatary value to it.
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Do you think it matters though, people seem to invest regardless of the asset.
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the market cap is not the value of an altcoin
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Clearly. but it is an indicator of underlying value.
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