Cryptocurrencies have been taking over the world of finance. They have been picked up quickly due to their safe nature and easy procedure of investment without the attached hassles of traditional investment. Steem is another cryptocurrency which has come into existence and has been steadily working its way to the top of the cryptocurrency chain.
Before investing time and money into this growing cryptocurrency it is vital for the potential investors to know the good side as well as the bad side of Steem.
Is it safe and profitable to buy Steem? Is it an alternative to the famous bitcoin? Will Steem price rise or fall in the coming days?, are the few questions which any investor might have before investing in Steem. We have tried to clear out few of the queries regarding Steem.
Steem is estimated to have a high rise in the years to come. It has now risen into the place of being one of the top cryptocurrencies to invest in 2018. The Steem dollars are short-term saving which has been pegged to the US dollar.
In March 2017, the price of Steem was $0.0733. Eventually, in December 2017, it saw a significant rise to $3.16. Then in January 2018, it reached the highest since it’s launch in 2016 to $7.12. However, since February 2018, Steem price has seen a gradual decrease at $3.426. As of March 2018, Steem price has diminished and reached to $3.260.
For the first Quarter of 2018, Steemit Price is predicted at $6.5. For its second quarter, the price has been predicted to rise at $9.75 while in its third quarter the price is estimated to rise to $14.5. By the fourth quarter, it is estimated that the Steemit price will be $25.
The one-year Steem price prediction shows the rise in the price of Steem to 4.877 USD. Similarly, its five-year forecast shows a rise in the price to 11.258 USD.
The Steem pice has been seeing a lot of fluctuation in the past couple of months from reaching the highest to stooping to a very low. Since February, the price of Steem has been going down eventually.
Thus it is hard to tell exactly what might be the exact expected price of Steem, but looking at the historical data, it is safe to say that the prices might eventually see a rise in the following year.
