Price Analysis

Steem Price Analysis: STEEM Does A Comeback Towards The Weekend

Finmax
  • STEEM plans to have a phenomenal second half after mixed trends in the first 5 months
  • STEEM tokens value jumps up after days of downward movement

STEEM makes a comeback after a continuous downward movement and investors expect it to stay this way for a longer duration this time. The firm’s partnerships with key industry players may bear the fruits in the coming months and contribute towards increasing mass adoption of STEEM token. As per the current market data, the coin has a long way to go to reach its all-time high value, but consistent growth may happen in the imminent future.

STEEM Price Statistics:

The price of STEEM token is noted at $0.38 as on June 8, 2019, at 07:26:02 UTC. It has almost reached a full circle in the last 5 days when the price of the coin was trading at $0.39 before it started falling downwards from June 5 onwards and reached as low as $0.34. There has been a negligible downtrend of over 2% in the coin value in the past 5 days, and it may convert into uptrend very soon as the STEEM token heads upwards again.

Finmax BTC

STEEM Price Chart - 8 June

Particulars Statistics
Price  (USD) 0.38
Price (BTC) 0.00005020
Market Capitalization 127,751,429
24h volume 3.089,995
Circulating Supply 319,915,175 STEEM
Return on Investment -38.19%

STEEM tends to maintain a see-saw pattern with no steady pattern, but the coin may surge higher in the next few months given the partnerships inked in the past months.

STEEM Price Prediction:

STEEM token may cross the $0.9 mark by the end of 2019 recording almost 3X growth in the remaining months. By the end of the next two years, the coin may reach up to $10 beating its record high of $8.

Conclusion:

STEEM can be a good investment for those who can wait patiently and do not get affected by the sudden jolts of crypto markets.

Jodie Miller

Jodie Miller is experienced journalist. She holds double degree in journalism and communication. She joined our team as a content curator. She enjoys writing and curating contents related to finance and forex world.

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