In these cold times it's a bit hard to know if you are sleeping or if you are awake. At least when it comes to Steemit and the fantastic run up in price recently. Now the question remains, was this just a correction to a more fair price, or do we dear to dream of a price further north ?
In my opinion we are going much further north. The reason why I say that, is because I think we are still undervalued. If you open up coinmarket.com you will find 35 cryptocurrencies which are above Steem in market cap. The interesting thing is that I don't find any of these coins above to be more valuable than Steem if you look at the fundamentals.
How many of these cryptos have been officially launched and have been up and running for some time ? Steem and Steemit has been running for more than a year and is working perfectly smoothly.
How many of the coins above have faster transaction speed ? The answer is only a fraction !
How many of the coins above have free transactions ?
How many coins will be able to do ICO like that of SMT?
Is there any coin challenging Steem in the block chain social media sphere ?
There are a thousand other questions left, but they all give the same answer. Steem should easily be in top ten on coinmarketcap.com.
If Steem would be the same value as IOTA for example ( which hasn't officially been launched yet) then Steem would have a value around USD 45 !
So have we finished dreaming yet ? Nope !
I think it should be even higher than that as SMT will help to revolutionize the entire internet and the way websites work. The web will become tokanized.
I think in the end of 2018 we could be at around USD 50 per Steem. It will double quickly from there and one day I think Steem will even reach a thousand.
Now I stopped dreaming and let's see what the reality will bring us !
This is not financial advice but just my own opinion.