STEEM TARGET = $2.80
Recently I made a call for an imminent Target Price of STEEM at $2.80 and there appears to be some confusion where this figure comes from.
In the last 6 months we have witnessed an unprecedented influx of fresh cash into the Cryptocurrency Market that has seen an increase from approx $20 billion to >$54 billion.
6 months ago STEEM was at a respectable 7th place and I strongly believe that is heading back to this place imminently.
To rank in 7th Place, STEEM would have to demand a Market Capital in excess of $655 million to sit comfortably.
I am confident that in the coming few weeks/months we will see STEEM breach this Target.
Thanks again for reading.
Stephen
I am with you, thanks for this post and the encouragement I am blown by whats happening in this new exciting world of cryptocurrency
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Steem is def in for a ride now. So many crypto investors now talking about it. All it would take is a major blogger or celebrity to join.
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"Steem is def in for a ride now. So many crypto investors now talking about it. All it would take is a major blogger or celebrity to join."
Somethings are worth repeating..!! Stephen
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"Steem is def in for a ride now. So many crypto investors now talking about it. All it would take is a major blogger or celebrity to join."
(had to repeat)
:D
Frank
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haha haha you're the man Frank..!! ;) ;) let's see how many times we can get others to repeat it. Each repeat will get a vote from me..!! ;) ;) Stephen
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I'm with you Stephen, to me this is a no-brainer and can happen very very quickly. I have been correct on all my previous price predictions.
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Shared on twitter. Stephen
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Supplementary tweet posted on twitter. There is definitely a buzz on twitter tonight and I havn't seen STEEM this red hot before..!! Tells you a lot..!! Stephen
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I don't know at which speed Steem will rise but the future rise seems almost inevitable. Thank you for sharing!
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Hope you are right Sephen!
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I believe in the growth of this community ! Let's rock it on to a new level!!
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@stephenkendal I can see it now too, I don't know if it will hold when it breaches that level, but I think we break $2 mark very easily within a month or two.
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If anyone likes financial articles I do extensive research for crushthestreet.com and post on my steemit page @colinb. Nice post.
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I like that target!
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It can happen, I am guessing 5 dollars by years end.
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I could not agree more. Stephen
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Thank for sharing! I am interested to find out your thoughts on whether we are in a cryptocurrencies bubble now? Here is the DATA which support this my assumption: it looks that we are entering bubble territory for a vast majority of alt coins (except Bitcoin probably). Just think about and analyze the following facts:
At least several dozens alt coins market caps skyrocketed 300%-4000%(yes, four thousand!) recently just over last 2 months!
The beginning of sharp increase happened around middle of March of 2017 for ALL alt coins!
Yes, some alt coins sharp increase is logically justifiable. For example, Ripple XRP: http://www.cnbc.com/2017/03/01/japanese-banks-plan-to-adopt-blockchain-for-payments.html . Maybe there are couple other alt coins where this huge growth is also justifiable.
But for vast majority of other alt coins nothing has changed drastically during the last 2 months! At all! Neither in their technologies development, nor in their business development! But nevertheless, their market cap skyrocketed 300%-4000% in just 2 months!
The only explanation which comes to mind is that huge amount of new capital is coming to cryptocurrencies market. Probably these are the people/investors who have heard about the first wave of Bitcoin and Ethereum successes, and they have a FOMO (fear of missing out) now. They don't have deep understanding of cryptocurrencies space and their differences, but because of FOMO they still invest in all other alt coins hoping to hit jackpot!
Does it remind you anything? Yes, exactly, dot com bubble of 2000 looks very similar!
Therefore, I would expect some kind of significant downside price correction within next several months for the majority of alt coins. Would you agree?
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Doesn't gaining more people into it, mean more people need to share it? Or am I getting this wrong? Like, we are early birds, so we can get lots of STEEMIT, but at the end, won't everyone have lots of it and none left for others? Is that when the value of the currency increases to keep up with demand?
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Read this. This will help understand why STEEM will hit $655m. Stephen
https://steemit.com/steemit/@stephenkendal/steem-steemit-where-does-the-money-come-from
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This is great news and will only get better! I am working hard to bring something to steem that hasn't been done yet but the functionality in steem allows it to be the perfect link.
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This is a welcome discussion point. Same mindset here. The cryptospace definitely feels a bit inflated. However we also said that about the S&P 500 40 years ago I found this great website: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. Check: https://www.coincheckup.com/coins/Steem#analysis To check Steem Research report.
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I don't get this.
What makes you to believe, that it got to be again in 7th Place ?
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I will tell you...
FB won't make it on that chart.
Twitter won't make it on that chart.
Linkedin won't make it on that chart.
Instagram won't make it on that chart.
Snapchat won't make it on that chart.
And...if they did!
STEEM will be so, Soo, SOO far ahead of them for before they can say KETCHUP!
;p
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655 000 000 divided by 9 000 users ≈ 72 000 per user
Not that Steem users not are worth it, I'm just thinking is it sustainable? I have my doubts.
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You are pricing it at today. Some tech companies have over +200x forward earnings. Look at Netflix. STEEM at $655m is CHEAP in comparison to its potential. Stephen
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True. Still they invest heavily in recruitment. Steemit has crowdmarketing. Nothing wrong with that, but will it pan out like the successful tech titans? That is why I ask the question.
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STEEMIT will rewrite the Capital Markets. +30 years experience tells me I know I am right..!! Let's face it the current Capital Markets and Company Structures were ok for the 1970's but this is 2017. This is a BETTER way of building a business, not like the crappy way back in the 70's and 80's. Facebook and the likes are finished. Crowdsourcing is the future. 100% without any shadow of doubt. Stephen
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Such an exciting time, Steemit time!
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Ahh thank you! I somehow had missed this one.
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This is great news and will only get better! I am working hard to bring something to steem that hasn't been done yet but the functionality in steem allows it to be the perfect link.
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