In order to really focus on Steem, we have to go over a bit about the Steemit platform.
Every day, the Steemit network creates new Steem units and distributes them to its users. The users can then exchange these units on the open market for Bitcoin, other cryptocurrencies, or fiat.
Steem is the name of the token that can be bought and sold on the open market, based on the blockchain-based platform Steemit.
Steemit is a platform that allows publishers to monetize their content that functions similarly to many other social content networks.
Steemit is different from other cryptocurrencies like Bitcoin because it doesn’t solely rely on mining to generate new currency units. While you can technically mine Steem, the network creates new Steemit currency units and automatically distributes them to people who are writing on and engaging with the platform. The amount you get is correlated with the number of upvotes the content you write gets and the amount you engage with the site (upvoting and commenting).
Steem's history begins on April 18, 2018 with a start at $ 0.23 per Steem and reaching $ 7.28 on January 4, 2018. In the last week reached $ 4.24, but dropped to $ 2.84, so a fluctuation The 1.4 $ <30%> is a pretty big value from my point of view. Would you like your opinion about how you think the value of this coin is influenced.
Rules:
1. Follow 
2.Must Comment and Resteem this post.
3. Guess the correct "Price of Steem" will be exactly at 12:00 PM EST.
4.The Last Guess Stops at 11:00 pm. EST. MAY 12th!
One (1) WINNER without going over will win, No Edited Posts!
The Winner will 1SBD.
The following competitions will have bigger prizes if we have many participants. Thank you all with love Ionut Ciobanu.