Steem is explained as a primary unit of account on a platform named Steemit. Steemit is a Blockchain-based platform where users can write content and vote on it like on all other social media platform, but with the exception that on Stemmit, they are compensated with tokens. The recent changes in the market changed the whole aspect of the crypto market. So the investors are demanding the STEEM Analysis. We analyze the value of the crypto and give the possible future costs. These projections are made according to today’s price. It cannot be correct all the time.
Steem Forecast 2018
Steem token came to life in 2016. The coin which is currently among the top 50 currencies of the crypto space has come a long way in a short span of time. The Steem networking platform is a robust and adaptive platform. Despite being a relatively small token, steem has seen a flourishing growth in the user base. The Steem network provides new Steem units to publicists and voters every day. Steem can be changed either on Steem Power (SP), or Steem Backed Dollars (SPD). Our predictors have stated that STEEM will be experiencing a growth in its value by the end of this year and may reach up to $2.99 which is a 208.62% hike.
How high can Steem price go in 2018?
The virtual market was in a turmoil of falling prices as the market has been facing a massive crisis. The crypto markets are finally recovering from this crashes as almost all the coins were seen trading against green. Steem prices which were suffering a downward pull as a result of the recent market crashes and network issues have gradually gained a rise. STEEM is now seen trading above all of its important moving averages 20/50, and 200DMA which, of a professional point of view is highly in favor of the coin. The steam team had very recently released an update about a week ago confirming they had patched up the network and users could now operate normally, which resulted in a bull-run in the past couple week gaining about 42% at its price. Our predictors have analyzed the amounts of STEEM and have stated that STEEM will experience growth in its value and may reach up to $3.74.
Steem (STEEM): History
Steemit was introduced by Dan Larimer and Ned Scott, CEO of BitShares in 2016. It strived to create a social content platform comparable to Reddit, but where the test content and metadata was saved in the blockchain. The uses of blockchain would also help in the production of a system that rewards comments and posts. Steem started with a high inflationary supply model with 100% growth every year. However, later in December 2016, the inflation was brought down to 9.5% per annum. In July 2016, Steem market capitalization reached $405 million. In March 2017. Dan Larimer resigned from the company.
Steem Price Today, Tomorrow and This Week
The digital currency is currently trading at $0.9857 after an increase of 1.67% in the last twenty-four hours. The predictors believe that the amount is going to have a 3.19% change and will drop down to $0.9509. And it is predicted that by the end of this week the value of ICX will increase and go up to $1.0525 with a change of 7.15%. These values cannot be taken as it is, the market may fluctuate anytime. But these type of forecasts gives hopes to the investors to continue to fund in this crypto.
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