As you all know, Steemit is an AMZING platform with an AMAZING coin - Steem (STEEM)! While Steem may have EXPLODED in last few days (it has risen by over 130%) and it may seem like you are too late to profit, it is just BEGINING to show its true potential!
The Steemit platform is still in the beta stage and its user base is growing at a rapid pace! As it gains more users, the demand for Steem will also increase at a somewhat exponential rate - causing Steem's price to grow along with the user base (because these new users will buy Steem, but their posts will not take much from the reward pool).
Steem is DEFINITELY one to watch this year! Based on technical analysis, Steem's charts point to SIGNIFICANT growth - a high of AT LEAST $16 by the end of the year (more than a 175% gain from its current price)! However, a MUCH more likely target for 2018 is between $32 and $40 (a gain of almost 600%)!!!
For the short term, Steem will taper down to ~$3.50 or $4 before continuing with its somewhat normal growth patterns. 😉
That's all for this analysis,
Thank you for reading and Steem on!
~Jack
Remember: This is only my analysis, you should always do your own research as well before making any investing decision! This post is not telling you to buy or sell! Trade at your own risk!