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RE: Steem and other cryptocurrencies are on deal prices
I believe the value proposition of STEEM is that by buying it is possible to reach an audience and get your message across much more effectively than otherwise. If you are, say, an entity that wants to promote something out there in real life, being a whale will attract followers like honey attracts bees. They will all want to interact with you in the hopes that you will direct money from the common reward pool their way.
How many such users does Steem the blockchain have at this stage? Not many, I think. So, at this stage the price of STEEM is completely speculative. 100 USD by March is a tall order. If it came to pass, it would no doubt crash quickly.
Very good point on marketing products through Steem. Do you have any predictions about the price of Steem this year?
Frankly, I have no idea. I can't even begin to quantify the network effect on the price as I have no experience in such things. It seems to me that the price is almost entirely driven by speculation at this time.
Litecoin is my best.