You are viewing a single comment's thread from:

RE: FOMO has officially kicked in... Steem trading at $.43. What's next?

in #steem8 years ago

Since you first posted this, Steem (and a bunch of other alt coins) are off and running again, and the Steem market cap has passed $100M for this first time since the very early days. Whether this kind of rally is sustainable I don't know, but I'm pretty much just riding it out as I keep plowing whatever liquid Steem I make back into Steem Power.

I'd like to think, though, that we are just at the "ground floor" of a development that involves cryptos becoming a broader-held and more recognized category of legitimate investment assets. And I'd also like to think that Steemit is uniquely positioned at the forefront because we have the social content platform which creates an actual economic reason for Steem (the currency) to actually exist, which is more than a lot of the other "lookalike" alt coins can claim.