I have obtained a detailed report from the internet about search status of www.steemit.com . The current market cap of steem is $378,827,048. The marketcap can give only the current outlook, it can not really reveal the underlying current of the consumer activism with www.steemit.com, we need to look at other metrics.
Current Steemit – search percentage & ranking :
COUNTRY - VISITORS - RANKING
USA - 33% - 1399
UK - 6.5% - 1099
S. KOREA - 6.4% - 792
GERMANY - 4.3% - 2116
INDIA - 4.2% - 3519
Ø Currently based on the search results, the major traffic from users are from these 5 countries
Ø Potential leg up from other prominent far east countries like China, Japan etc., other major European countries, South America shall be a game changer
Ø Coupled with digital India mission, India the fastest growing mobile market for 1.25 billion people with largest number of people with English speaking ability can add substantial leg up to the growth of steemit in 3-4 years time as well as further volume growth in the above 4 countries.
Ø I think India has the potential to be largest market share for steemit in 3-4 years time.
Ø The above factors take the market cap of $378,827,048 to high multiples . Going into these metrics, I will not be surprised to see Steem at $300 - $400 range in 3-4 years time. The conversion of these searches in various countries actually becoming the members of Steemit is the key that will surely become a reality - this a rational reasoning.
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Shaji Manghat