With so much uncertainty in the crypto world, one thing is for sure; STEEM could really see some growth by the end of the year. Here are three reasons why STEEM could out perform other major coins by the end of the year.
1. More Interest In Crypto In General
It started this past May, but now with the fork coming for Bitcoin, a lot of people are talking about cryptos. When people go to look for information on Bitcoin, Crypto, or Cryptocurrency, then they are likely to find a blog on Steemit. STEEM actually creates a product in a sense, and that is content. That content will be seen by more and more people as crypto becomes more popular. I don't know of another site that puts out as much crypto news daily as Steemit.
The more views, the more traffic and the influx of interest into the Steemit platform should push the coin up in value. It has a product when so many other coins don't really get used for much.
2. Exchange For Services
I have used Bitcoin to buy into a poker site back in 2012, but other than that, I've never used it to make a transaction. You know what I do use? STEEM and SBD. I have sent both to pay for services from people like and bought images and graphics from fellow STEEMONIANS. I have used STEEM or SBD to pay for more transactions than any other coin. I know I'm not like most crypto people, but I bet I'm like most Steemonians.
The point is, the coins are used for actual payments of goods and services. As the community rises and more people use STEEM and SBD and exchange on site, then the more the value should go up.
3. The Value In Powering Up When STEEM Is Low
There are a lot of Steemonians who jumped at the chance to get more STEEM at $1 to use to power up. There are a lot of people who believe in Steemit and are putting their money in to prove it. People are investing in STEEM for an actual reason. They are not just buying a coin and putting it in a wallet, they are actually buying STEEM because there is a real value to having it on Steemit.
With more people powering up, and buying into STEEM then the value should go up. I think it will take a little while to start moving up dramatically, but I think it is a good time to be in STEEM... at least that is my thinking.
(all gifs from www.giphy.com)
What do you think? Do you think we'll be over $4 STEEM by the end of the year?
To my followers, you are the dreams that keep me grounded in reality.