Steem Price Forecast: STEEM Chasing ETH in Market Cap?

STEEM Price Prediction 2018: Steem is described as a principal unit of account on a platform named Steemit. Steemit is a Blockchain-based platform where users can publish content & vote on it like all other social media, but with the exception that on Steemit, they are compensated with tokens. STEEM  is among the top 50 cryptos at the moment despite a recent stall in its blockchain operations. The team had released an update confirming that they had repaired the network and users could operate regularly. After the update of STEEM, the crypto has been on a bull-run gaining about 42% hike in its price. This change has grabbed the attention of the investors, and the coin has increased its value.

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Steem Announcements and Exchanges

The Steem network provides new Steem units to publishers and voters every day. Steem can be traded both on Steem Power (SP), or Steem Backed Dollars (SPD). Steem Power is a token utilized to upvote content, which helps to get a pay both for a voter (in SP) and for a publisher in (SPD) proportionate to how much Steem Power the voter has. Steem Powered Dollars express an amount of Steem equal to 1 USD. SMD helps to preserve content creators from the volatility of the Steem crypto by assuring them that they’ll get a fixed amount of money, no matter how much Steem will cost when they cash out. Currently, Steem is trading at $1.38. Our predictors have analyzed the prices of STEEM and have declared that there will be an improvement in the value of STEEM by the end of this year and may worth approximately $5.35 which is a 306.29% increase.

Steem Price Prediction 2018

In March 2016 the idea of Steem was discussed in a whitepaper which was updated in August 2017. STEEM can be a profitable investment option. Steem price equal to 1.375 USD at 2018-07-16. If you buy Steem for 100 dollars today, you will get a total of 72.717 STEEM. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-07-09 is 7.911 US Dollars. With a 5-year investment, the revenue is supposed to be around +475.25%. Your current $100 investment may be up to $575.25 in 2023. STEEM price today is $1.375 and have the market cap value $365,968,400. The current supply is 266,476,670 STEEM, and the volume sits at $1,295,580.

Conclusion

The fluctuation in the market had a significant impact on the trading values of STEEM. The costs of this coin plunged down and started to trade in the red. But the currency somehow managed to overcome this crisis and pick up its values. The crypto is in the recovery stage at the moment. The changes in the crypto have grabbed the attention of the investors, and this is resulting in increasing the cost of the coin. Steem has already witnessed 30% growth in its price, and the market cap of this crypto has also increased. If the development of this coin continues like this, we can see a considerable change in the market cap of STEEM and may even follow the tracks of ETH.

Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give the information of the coin with careful analysis. Please conduct your thorough study before funding in any crypto.

Steem Price Forecast: STEEM Chasing ETH in Market Cap?
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