STEEM IS VERY CHEAP

http://imgur.com/4uKU8QY.jpeg

The Crypto Currency Market has changed dramatically in the last 9 months and have you ever wondered just how much it has changed?

Last year, on 24th September, I tweeted this tweet:

STEEMIT

Steem

MktCap = $96,505,946

Price = $0.626187

UnderValued

SocialMedia CryptoCurrency

Here is the link to the original tweet.. https://twitter.com/StephenPKendal/status/779897527437058048

FLOATING STEEM

Today there are 234,603,377 Floating Steem.

CURRENT MARKET CAPITAL

Today the current Market Capital of STEEM is $467,304,121.

With both of the above I would like to set out a number of Calculations that I would like to draw you attention to.

CALCULATION No.1

BITCOIN/STEEM Market Capital $42,492,943,042/$9,581,369,327 = 4.43 x $96,505,946 = $427,999,540/234,603,377 = $1.82. ....however....

CALCULATION No.2

LITCOIN/STEEM Market Capital $2,277,740,380/$181,131,643 = 12.58 x $96,505,946 = $1,213,567,583/234,603,377 = $5.17..!!

CALCULATION No.3

For STEEM to return back to be Ranked No.7 position, and assuming the midpoint between the current No.6 and No.7 the calculation is..... $1,764,405,000+$1,300,857,883 = $3,065,262,883/2 = $1,532,631,442/234,603,377 = $6.53..!!

CONCLUSION

Taking Calculations No.2 and No.3 above STEEM to be grossly undervalued and warrants a true market valuation between $5.17 - $6.53 ..!!

At slightly under $2.00, STEEM is CHEAP, it is very, very, very CHEAP..!!

Thanks for reading

Stephen

*Edit. Please note. Right should read 18th June 2017 (today) and not 2016.