Great sentiment. These kind of shooting gains give us humans major FOMO, that's why we tend to buy in at tops and give up at bottoms. However, compared to rest of the crypto market, Steem's gains seem totally sustainable, at least in the short term. Steem was once third in market cap - as far as usefulness, I think it can get back there again!
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I think that there is a lot of potential room for growth for STEEM too. It is highly unlikely that BTC (for instance) will double in value by year end, but it is totally probable with STEEM.
Time will tell, but this is a great sign.