Steem is different. It isdesigned towards monetizing content. It won't reach $100, but it shouldn't ever drop below $0.90, either.
You are viewing a single comment's thread from:
Steem is different. It isdesigned towards monetizing content. It won't reach $100, but it shouldn't ever drop below $0.90, either.
I think you are getting steem and sbds mixed up.. steem is the platform on which steemit rides on, sbd is the reward token in the steemit network.. Steem definitely could go to $100 in the future when more dapps are on the steem network. As more Dapps enter on the network there will be less and less steem available for use making it worth more money because of the supply and demand aspect of it. SBD is for monetizing the content, it is supposed to be pegged at $1 USD to help keep rewards where they are suppose to be, unfortunately it has got a bit out of control when the bulls were in town because the supply is small enough for people to manipulate and thats why it got up to $15 at one point.
If you are confused about how all this works you can read the steem (not steemit) white paper and it explains all of this. When new companies (mostly smart media tokens) like Appics start building their Dapps on the steem blockchain the price of steem will definitely rise just like etherium did when they started hosting other cryptos on their block chain. Thats why I refuse to spend any of my steem for now.. I know one day it will be worth a shit on more than a $1.60 each.. it could most definitely see $100 in the years to come my friend. It doesn't matter if steemit makes it or not.. steemit is just the test net for the entire network.. ;)
The way the steem blockchain economy works is designed to ground prices. SBD is directly connected to STEEM. This is a very positive and unique outcome.
I can see the possibility of STEEM going to the moon, but it is very unlikely. Many dapps would have to join at the exact same time to make this happen, as the price would drop over time until the next app arrived.