Hold on, this is not a post predicting any bull runs or implying that markets have turned around. But as STEEM continues to remain an underrated token for a blockchain powering some excellent dApps, I think this is as good as it's ever going to get as far as prices are concerned.
Ofcourse, if BTC were to tank down to $2K then we're likely to see sub $0.20 for STEEM but let's not hope such calamities. Higher prices can certainly help the ecosystem but lower prices aid greater distribution.
These are times when that you buy and trade it when it's higher, then buy low again and increase your token accumulation. This works well for every token. It's not easy to do it but it's quite possible in a market as volatile as cryptocurrency.
Anyone interested in speculating on the value of the token today has a chance to enter the market at a relatively low price. Bitcoin as well as STEEM have reduced well over 80% from the ATH recently. Infact STEEM retraced nearly 97%-98%.
It's quite likely that in a year or so many of the development objectives will be met and Steem blockchain will be powering more dApps than ever before. Many of these dApps will onboard thousands of users as well.
Maybe we can revisit these types of posts in a year or two from now and see how far we've come along. It would be great to improve our marketing strategy to encourage more users to use dApps built on Steem vs other rivals in the meantime.
Low prices are provide a great opportunity to improve your stake on the blockchain. I started out with 10SP and have mostly held my stake earned throughout as well as purchased and traded STEEM to increase my holdings.
It's hard to say how high we will go again. These are things one cannot predict with certainty. I would love to see STEEM hit $10 or more.
However, I would prefer many million users use our blockchain and enjoy using it so much that they deem STEEM worthy of their attention and investment at these high prices.
When we look back 3 or 4 years down at this project, i'm sure we'll wonder how cheap STEEM was at these rates and how underrated this project, blockchain tech and value of the asset was throughout 2018.
I'm hopeful that many of the users today pushing for development and growth of this project will remain with it in the months to come. Meanwhile, don't forget to seize an opportunity to increase your stake if you can.
What say you?
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