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RE: STEEM = $1.92. Market Capital = $452,426,250. BTC = $2,576.03. STEEM = 0.00074596 BTC. Remains STRONG BULLISH & UNDERVALUED.
So what determines the price of Steemit? New accounts are created every day, but a number of STEEM is also added every day, correct? Does the price increase if the demand for STEEM grows faster than the daily added STEEM? Will the amount of daily added STEEM be increased in the future to meet the increased demand, or will the price keep increasing?
There is a fixed 9.5% addition of new Steem (inflation) rate that drops a flat .5% each year.