I was looking at the different coinexchanges when I found something very peculiar. Something that caught my eye so to say and I wanted to share it with you. Slowly becoming more and more experience regarding cryptocurrencies I dare to say that Steem itself is on the same trajextory as BTC. Only difference, it might get there a lot faster.
That said, I think several predictions regarding the future price of Steem might be a bit off. I believe most price predictions are simply... too low... There, I said it. I believe that with the ongoing growth of Steem the price of Steem soon will surpass $10 and might even grow to a solid $100 by the end of the year.
I know the markets don't look like that at the moment and it's hard to project anything at all really but I still I wanted to share my findings, regardless how small they may be.
In my opinion everything has a certain algorythm. Life itself is based on an algorythm and so are the markets. Now I cannot desrcibe to you what the algorythm that drives Steem really is but my inner me, who understands math to the highest degree but fails to share it with my personal me, tells me that I'm on the right track. And considering the fact that lots of whales are just holding on to their Steem tells me that they see it too.
Projections
Now as for newbies on the markets as well on Steemit self it may not be as clear hence my sharings regarding the rise of Steem.
Several indications point us towards the rise of Steem. These indications are among others:
1) Steem has yet to hit the most exchanges. In this case the most important ones are the Asian exchanges. With the huge Asian community we have this will certainly impact the price of Steem in a very positive way.
2) Steemit has yet to reach the great masses. Can you imagine the impact it will have on the price of Steem when several million people are trading Steem? Imagine hundred million people trading Steem. That will be more people then have traded BTC ever before. And these people will be trading every single day!
3) Most Whales are holding on to their Steem. If that is no indiciation I don't know what is.If you carefully look at the Steem Charts you'll see it has a certain movement. If you compare it to the market chart of Bitcoin from start to finish you'll notice the Steemchart and Bitcoin Chart are nearly identical.
Steem Chart
Bitcoin Chart
Look closely at first part of the BTC chart vs the whole Steem Chart. You'll notice that the two chart are almost identical. This may not be very valid to use as a trading guideline but if it's anywhere near a projection we are in for some amazing times in Steem.
That said, I can't hardly wait till the next couple of weeks have past and I am certainly very much excited about Steem joining the Asian exchanges. Regarding the growth, I do my part. I hope you do it too by informing others and have them join Steemit as an "Early adopter".
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