Summary:
The video discusses the potential for STEEM in 2020, pointing out that it could be a standout year for STEEM due to its development focus in the altcoin world. The speaker believes that steam will benefit from a bull run, but emphasizes the importance of ongoing development and the creation of applications to drive success. Smart media tokens are highlighted as a significant opportunity to bring cryptocurrency to the masses, potentially changing the dynamic of engaging with digital currencies. The analysis projects a positive outlook for STEEM's growth, with the introduction of new features like NFTs, SMTs, and communities contributing to its evolution. The speaker also compares the progress of STEEM in 2019 to the anticipated advancements in 2020, reflecting on the growth within the ecosystem and the potential for wider adoption in the latter part of the year.
Detailed Article:
The episode delves into the analysis of STEEM's prospects in 2020, envisioning it as a pivotal year for the cryptocurrency due to its active development focus. The speaker highlights the significance of development in the altcoin world, stressing that ongoing progress and the creation of functional applications will set projects apart in the market. While acknowledging the potential benefits of a bull market for STEEM, the speaker underscores the importance of technological advancements over mere financial gains.
Central to the discussion is the introduction of smart media tokens (SMTs) as a game-changer that could revolutionize how cryptocurrency is interacted with by the public. The speaker emphasizes the potential of SMTs to bring cryptocurrency to the people, rather than expecting people to transition to using cryptocurrencies actively. This shift in approach is seen as a massive marketing advantage, as it aligns with users' existing online behaviors and preferences.
Furthermore, the speaker predicts that the introduction of SMTs will lead to increased user engagement within the ecosystem. By incentivizing active participation through SMT rewards, the speaker anticipates a reduction in dormant accounts and a surge in user activity. This shift towards an active user base is seen as a positive development that could drive growth within the STEEM platform.
The episode also touches on STEEM's existing infrastructure, including STEEM Engine, the addition of NFTs, and the upcoming introduction of SMTs and communities. These upcoming features are regarded as significant updates that could reshape the trajectory of STEEM and enhance user engagement within the platform.
The speaker contrasts the progress made in 2019 with the anticipated advancements in 2020, highlighting the evolution and growth within the STEEM ecosystem. The comparison serves to illustrate the positive strides made by STEEM and sets the stage for a promising future, with potential widespread adoption in the latter part of 2020.
In conclusion, the speaker expresses optimism for STEEM's future, predicting increased visibility and recognition in the cryptocurrency space in 2020. Despite uncertainties in the market, the speaker believes in STEEM's potential and underscores the importance of ongoing development efforts and technological innovations in driving its success.