This is a fun little experiment to illustrate the real price value of Steam. I'm no trader or a crypto guru but I can tell you that the real price of 1 Steem is way more than what it is today.
Because every cryptocurrency goes through Bitcoin, we can assume that Bitcoin is the medium between the real world and the crypto world. Currently, there is just little more than 16 400 000 BTC in circulation. Divide the market cap by the supply and we get the current price of Bitcoin, about 2500$
41,091,995,045 ÷ 16,418,475 = 2502,78
Right now there are exactly 235,569,543 Steem tokens with the current market cap of 409,556,496$. Divide the market cap by amount of Steem and you get 1.7, which is the current price.
Now imagine there were the same amount of Steem as Bitcoin tokens. In this scenario, we get:
235,569,543 ÷ 16,418,475 = 14,34.
So one Steem is worth little more than 14$.
This is just a mind experiment. After all, this market is made up of speculation. I believe the price of Steemit will grow even more. I always do this calculation when I see a new coin to get a rough estimate who much its worth if the coin had the same amount of coins as Bitcoin. This doesn't have any practical applications when it comes to trading, but it gives me a rough idea of the speculative value of a coin, and I feel a little richer knowing I have a relatively large amount of steem in my wallet. Anyway, Steem is priceless!
