STEEM PRICE - TARGET $4.70
MARKET CAPITAL
STEEM = $1.92.
Market Capital = $452,426,250.
BTC = $2,576.03.
STEEM = 0.00074596 BTC.
CONTINUED GROWTH
As the Community witnesses the continued unprecedented growth it has seen in the last 15 months since its creation in March of 2016 there is absolutely no question at all that this explosive growth we are seeing is showing any signs of slowing down..!!
On the contrary, it is speeding up.
With a Community that is fast approaching 225,000 Registered Accounts the recent target of 600,000 Accounts set for the end of the year is clearly showing signs of an adjustment to the upside.
With a Daily Average of over +2,000 Accounts registered per day in June this is nearly FOUR times the yearly Daily Average of 520 per day.
This explosive growth has come at the time when the window of opportunity opened to take STEEMIT to market and the results are simply stunning.
It is all about timing and I strongly believe that the timing was hit with pinpoint accuracy.
Having the data at your fingertips when taking any product to market is absolutely crucial and that is why I was a firm believer that announcing the Marketing of STEEMIT was best suited to be Crowdsourced knowing that the data was open to us all was an absolute stroke of genius from @Ned and @Dantheman's point..!!
With this explosive growth in the size of the STEEMIT Community and New Users registering at an unprecedented pace, it has been mirrored by the STAGGERING and JAW DROPPING Number of Transactions recorded on the STEEM BLOCKCHAIN.
If this is not testament to the Developers and the Management of the Developers, I don't know what is.
I have said it before and no doubt I will say it many, many, many, many more times, people should be giving the Developers more credit for laying the foundations for what is set to become a Global Phenomenon.
TECHNICAL ANALYSIS
dMAmapping⇗⇗⇗⇗⇗⇗
Remains.... STRONG BULLISH and STRONG UNDERVALUED.
TARGET PRICE
Year End Market Capital = +$1.1 billion.
Year End Target Price of STEEM = +$4.70..!!
Thanks again for reading.
Stephen