If you're in the crypto world long enough, you've probably heard the expression "to the moon!". Or, in other contexts, "mooning", as a way to describe the aggressive bull trend of a coin.
But how much it will take to a coin, in our case STEEM, to actually reach the Moon? And how can we find a way to calculate this? What exactly means to go to the Moon?
What Means To Reach The Moon
So, as a nice exercise in the second day of the year, I did some research.
Looks like the distance to the Moon is exactly 384,400 km. A lot, right?
So, what if 1 km would be equal 1 cent? Just so, you know, to have something to compare with.
In this case, I think we can acknowledge STEEM as being on the Moon if the total value of STEEM is 1 cent x 384,400 km, right.
384,400 x 0.01 = 3,844 USD. <- Moon stage
That's the Moon stage of STEEM. Of course, after the Moon comes Mercury, Venus and so on and so forth. But let's stop to the Moon for now.
Houston, We Have Ignition!
I know that seeing STEEM at 3,844 USD seems outrageous now. But just remember that we are trading Bitcoin for $13,000. So, as outrageous as it may be, it's not at all improbable.
As a matter of fact, it's quite plausible, and I'l show you why.
Last year, on January 1st, STEEM was trading at $0.16, or 16 cents. Right now it trades for $6. In one year, STEEM grew 37.5 times.
Now, for STEEM to go from $6 to $3,844, it will need to grow 640 times. Approximately.
Bear with me, please, I'm heading somewhere with these numbers, so if you feel dizzy, just take a breath, a sip of coffee and come back when you're not hyperventilating anymore.
Ok.
Suppose STEEM keeps the same appreciation pattern for this year. Meaning it will appreciate 37.5 times. That means that on January 1st 2019, it will trade for $225.
And if it keeps the same, pace, on January 1st 2020, it will trade for, wait for it, wait for it, breathe.... $8,437!
So, somewhere in between 2018 and 2019, if we keep the same pace, STEEM will reach the Moon.
I'll leave the Mercury calculations, as an exercise, to the more astute of you.
Steem on!
Later edit: please be aware that this post is not even remotely a technical analysis of the price of Steem, but merely some fun calculations. Unreasonable expectations are the root of all problems.
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