$32.79 Steem - Can Steem Reclaim The Title of Third Largest Market Cap?

shenanigator (68) in steem • 8 years ago

In July and August of last year, STEEM was the third largest crypto by market cap:

What would it take to get back to #3? Here's the current crypto climate:

In order to return to #3, we need a market cap 38.9 times larger than what it is today, putting our target STEEM price at more than $32.79.

8 years ago by shenanigator (68)

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mtsmayad (49) · 8 years ago

Well; I think Steemit needs 2 things: 1. Developers to make more updates to Steem Blockchain; And 2. We as people need to promote Steemit as a decentralized social media with profit rewards.

$1.61

4 votes

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dan-atstarlite (66) · 8 years ago

A lot can change in a year lol

$0.35

1 vote

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shenanigator (68) · 8 years ago

Haha! Can it ever!

$0.28

1 vote

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demotruk (69) · 8 years ago

A scenario I see as more likely is Steem rising while others fall.

$0.34

1 vote

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shenanigator (68) · 8 years ago

I also think that's a more likely scenario than Steem getting to $33.

$0.33

2 votes

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demotruk (69) · 8 years ago

That depends on the time frame...

$0.28

1 vote

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shenanigator (68) · 8 years ago

Thinking a time frame of a year.

$0.31

2 votes

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liberosist (70) · 8 years ago

This is a mad, mad world. After what I have seen in the last couple of months, anything is possible!

$0.34

1 vote

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fisteganos (68) · 8 years ago (edited)

$33?

Would we have finally m00ned by then or would we still be on our way? I don't know but I think it's a possible feat to achieve in a year's time.

May 2018 - Steem = $33. Wow!

$0.30

2 votes

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everittdmickey (73) · 8 years ago

eliminate bots and flaggin would be a good way to start..

$0.00

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shenanigator (68) · 8 years ago (edited)

I think the only way to eliminate bots is to get rid of rewards. As long as there are financial incentives, I believe we'll have bots around here.

There are some ways to give users more power, and by default, giving bots less power. For example, in the next HF, users will have the option to make their votes 4x more powerful. This will result in a lot higher percentage of rshares (voting) distributed by humans.

$0.35

3 votes

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everittdmickey (73) · 8 years ago

need to find a way to determine who is..and who isn't. ..a real human.

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biophil (66) · 8 years ago

even if there were such a way, a way that can't be gamed, sidestepped, loopholed, etc, what good would it be? What would be the actual benefit to people around here?

$0.28

1 vote

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everittdmickey (73) · 8 years ago

in my not so humble opinion..that's just silly.

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shenanigator (68) · 8 years ago

Which part of the comment is silly?

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bacchist (69) · 8 years ago

That doesn't really have anything to do with it. Those things don't influence the price much.

$0.34

1 vote

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steevc (73) · 8 years ago

I think Steemit needs to get to millions of users before it gets there. It needs people using it for commerce and this will drive demand. It's going to be harder to get Steem as more people are sharing the reward pool, so that will affect the price too.

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alancl1 (25) · 8 years ago

With over 200 million in supply, that will be hard to get it up to $32.

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screenname (66) · 8 years ago

This post has been ranked within the top 80 most undervalued posts in the second half of May 12. We estimate that this post is undervalued by $12.16 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: May 12 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

$0.00