Finally we saw cryptocurrencies making a long awaited comeback. What a relief :)! Even STEEM, which went below $1.5 a few days back, has now bounced back to $3.14, as one can see from the figure below.
However, if you check the market cap of STEEM, its still quite low at less than a billion dollars ($798 million to be precise). Compare that to Bitcoin, whose market cap now is approximately $150 billion. But let's imagine that STEEM was as big as some of the top cryptocurrencies. In that case, let us see, how much STEEM would be worth. For that purpose, I've created the following table, which shows how much one STEEM would be worth in each case.
| Coin | Market Cap | STEEM equivalent value |
|---|---|---|
| BTC | $150 billion | $590 |
| ETH | $60 billion | $236 |
| XRP | $35 billion | $137.7 |
| BCH | $19 billion | $74.7 |
| EOS | $8.9 billion | $35 |
| LTC | $8.5 billion | $33.4 |
So, we can see that if STEEM ever becomes as big as BTC, it would be worth more than $500! Even if it becomes as big as its sister currency EOS, its value would be $35. Hopefully, the value of STEEM would keep on rising. I foresee exiting times ahead :)!
What are your predictions on STEEM? What maximum value you think STEEM would reach?