If each STEEM now costs $20, it will have marketcap more than $5B and rank above LTC at six and below EOS. At BTC's current value, one STEEM would cost 0.003 BTC.
After two months, STEEM was released in the market, it reached 0.0065 BTC at peak. Since BTC was around $660, it only reached $4.31 on July 14th, almost two years back. Therefore, historically it dropped against BTC almost 20X times. Since BTC also rose 10X, in fiat wise it dropped 2.5X.
From ranking wise STEEM ranked as high as third, just behind BTC and ETH, above XRP and LTC.
During the upheaval of September, 2017 EOS was trading 55 cents while STEEM was trading at 85 cents.
Therefore, if STEEM reaches $20 right now, it is not breaking any record for itself first time. It will be revisiting its previous glory.
What could be cause of such an ups and downs? The most reasonable cause would be departing of 
However, STEEM can still reach similar glory without
First of all, release of all major upgrades of STEEM such as velocity HF20, hivemind, automatic signups and SMT can take STEEM the category of top smart contract type coins such as TRON, NEO, XEM. None of them have successful DApps like Steemit or Dtube and one million accounts.
However, to reach the level of EOS, STEEM needs serious level marketing and leadership. TRON and Cardano has shown how marketing can help a coin. Even ICOs hyped brought them more than $10B market at one time. Since then they are struggling and exacerbated with BTC's bear trend.
Finally, if BTC breaks its All Time High (ATH) of $20K at the end of year or later. Along with major releases, STEEM can ride the bull run to reach 0.001 BTC and reach $20.
It may someday overcome the ranking of LTC or at least, take the top ten ranking around the ranking of NEO or TRON.
However, some wild cards can play for STEEM such as Coinbase can adopt STEEM. There is a chance that STEEM will be adopted before EOS due to EOS's ICO type nature, similar to rejection of XRP. Moreover, DASH or XMR are not liked by coinbase due to their privacy nature. Therefore, STEEM is only coin that is not an ICO and mineable, can be added to Coinbase right now.
Other wildcards would be that some renown companies would adopt SMTs for their contents. Or, big investors like Winklivoss brothers taking stake in STEEM. Finally, after all major releases, if STINC can pull out an aggressive gorilla marketing, it can break top seven rank. In that case, even at $10K BTC, STEEM can reach $20.
Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.
Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.
Thanks for reading.
Cryptominer since 2013, occasional trader and tech blogger
