You are viewing a single comment's thread from:

RE: We are going to see a 10.00 USD price for Steem in 2019 and a Bitcoin 37K price in 2019

in #crypto7 years ago

For steem to be $10, it would need a market cap of no less than $3.1B.

Not a small feat.

How cancwe make that happen

What values canxwe bring into the blockchain that does that

How can we showcase the power of the steem Blockchain ?

Sort:  

Its actually not as difficult as you think, Steem is currently trading at 0.00007200 BTC, which is a under Bear market condition, if you look at the data when BTC is in a bull phase its enjoys trading of 0.000300 BTC, now I thought I was being quite conservative but I am expecting BTC value of at least 0.0006 to 0.00080 as high which can go higher...

Now if you take the lower expected BTC value of 0.00030 and multiple that by BTC price of 37,000.00 USD you see you already well over 10 USD value for Steem... Added to this valuation, the higher SBD price or more specifically the higher the BTC value of SBD we get the higher the Steem price can go and be sustained....

So you see its more modeling and valuation here, add to a little enthusiasm and buzz, we can see things get "moonish" around here