That means each steemit user is worth $1333 USD, if you take into account the market cap of 1billion usd. That number is $227 USD for Facebook, $70 USD for Twitter, and $121 USD for Snapchat. Steemit looks a little overvalued. Correct me if my numbers are wrong.
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Extremely undervalued in my books! Steem is trading around 4USD right now which is a steal.... If the platform becomes successful and only a few applications build on Steemit blockchain succeed we will have a several hundred dollar coin. Just my thoughts.....