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Price Analysis

Steem Price Analysis – Empowering Contributors to Love While on Diminishing Trend

Steem is a decentralized social blockchain that grows communities and makes immediate revenues streams for its users by rewarding them for sharing content. It is the only blockchain that powers real applications through a social app like Steemit. Shareholders of social media platform earn lump sum from user-generated content. Steem flips the model and returns most of this amount to its contributors.

Current Status of STEEM Value

  • Current Market Value: $0.333364 USD
  • Current Market Cap: $106,301,994 USD
  • Circulating Supply: 318,876,784 STEEM

STEEM Price Analysis

Steem price analysis 07 may 19

The above chart shows the following information:

  • Present Trading Value: 332983 USD/0.00005609 BTC (UTC time 04:01)
  • Market Cap: 106,179,726 USD
  • 24h Volume: 886,708 USD

The same chart also makes it evident that approx. STEEM coin had a trading value of 0.497345 USD in last month.

So, within this approx. One month, the value of Steem coin price has been decreased by -33.04%.

Steem Price Prediction: Plausibly to trade $80.45 By 2019

The developers of Steem claim that this crypto will enable a new way for publishers to monetize their online community and content. This is perhaps the most significant advantage of using Steem cryptocurrency. Steem’s message board is unlike to Reddit as 1.1 million users post nearly all sorts of content including travel blogs, crypto news, literature analysis, etc. Steem, the native currency of this platform acts as an incentive to encourage the participation of the people. Considering all these facts, we assume that Steem coin is likely to trade around $80.45 by 2019 end. If the cryptocurrency maintains its reputation and comes up with more amazing developments, then, it can at ease touch $80 peak this year.

Conclusion

An empowering Steem cryptocurrency that is encouraging online content creators and publishers to participate in their community. It has a high probability to spark up, once the market conditions improve and it attains stability in its prices.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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