STEEM - TARGET $4.70
MARKET CAPITAL
STEEM = $2.12.
Market Capital = $497,467,562.
BTC = $2,628.21.
STEEM = 0.00080552 BTC.
CONTINUED GROWTH
There is absolutely no question that the recent explosive growth which has been witnessed both in STEEMIT and on the STEEM BLOCKCHAIN is showing no signs of slowing down..!!
As the STEEMIT Community explodes with New Users registering at an unprecedented pace not seen since its creation in March of 2016 this explosive growth in the Community is mirrored in the STAGGERING Number of Transactions recorded on the STEEM BLOCKCHAIN.
TECHNICAL ANALYSIS
dMAmapping⇗⇗⇗⇗⇗⇗
Remains.... STRONG BULLISH and STRONG UNDERVALUED.
TARGET PRICE
Year End Market Capital = +$1.1 billion.
Year End Target Price of STEEM = +$4.70..!!
Thanks again for reading.
Stephen
Shared on twitter. Stephen
Thanks for the update @stephenkendal. I just followed you on Twitter as well.👌
Nice man, I do enjoy your write ups, keep up the good stuff and steem on Stephen. Also are you still holding at 600k registered by the end of the year?
Thank you. I appreciate the support. At the moment I have a Year End Market Capital Target of $1.1 billion and a User Account Registration of 600,000. However as things are moving so fast, 6 months is a very very very long time and if the last 8 weeks is to be repeated throughout the whole of the second half, as the saying goes from a famous film ....."I think we're gonna need a bigger boat..!!" Stephen
Lolz we can build it!
followed/upvoted...I'm with you on that price target. I think it'll move with BTC whatever that does, and it's gone up so much, I wouldn't be surprised if it hovered around this price to $3 for a bit...but in the long run, like 3 years I think we'll see 10-20!
What you say doesn't sound unreasonable, maybe a bit light, but not unreasonable. What happens in the next 6 months will give us a good idea what most will likely happen in 2018, 2019 and 2020. Stephen
A lot is going in cryptocurrency space right now ... steem has a bright future ahead of it since it can leverage on the power of network effects of social media ... more and more people are gonna join with time ... also with time the platform will go through phases of refinement .. so I agree with your predictions .. and you never know ... may be the price will hike to 10s of USDs per unit.
Wowzers, 4.70 would be great by years end. I truly hope that we can go there or even higher by years end. If we make it there who knows what the limit is. My gut feeling says it will but maybe because my emotions are vested here!
If steem is growing that quicly i can see steemit figth facebook as a king of social network's in next 5 years. If that happens steemit currency will grow at the same level as etherum or bitcoin as more users and trading will increase the value of the currency!!! Keep us upate!!😉
Always enjoy your analysis. Saves my lazy ass from doing my own. Ha ha.
Call me overly optimistic, but we'll be WAY PAST $4.70 by the end of the year. Maybe by the end of next month.
Bitshares ist the best Proyect.
Sounds good 😎👍
Very helpful post. Thank you for that!
Please check out my last post :)
Cool post. I personally think that STEEM is destined to grow. I was myself conducting some analysis and make a similar post. But cool information. Straight and to the point. As far as its potential is concerned, I think it is the best opportunity which one can leverage on to make cool cash. I have already invested in it.
Thanks for the technical analysis.
@stephenkendal Is there a website where i can find a Steem/USD chart? Everywhere i search for i find charts in relation to bitcoin.
Voted and resteemed.
go go go !! With all this growth in accounts and posts, price wont take long to do the same. Exciting!
Great post @stephenkendal how about 1.5B by the end of the year?
steem is getting stronger by the day, mark my words steem will soon take a sudden flight. flying higher than what we are expecting
Awesome totally agreed, and compared to Facebook we're just a drop in the bucket.. With our growth percentage rising each month I'm sure we can hit that target of $4.00+!
No doubt Steem will grow, it's just too good and really strong. It's going to fly! Great post btw, short and sweet!
I am happy to read this analysis. More than 40% of my investment in crypto is STEEM right now. Although i believe that the price will be +$6.00 at least by end of the year, the +$4.70 Stephen's target satisfies me a lot.
Excellent analysis StephenKendel. I agree 100%! There's so much growth potential STEEM has become one of my main coins in my portfolio at the moment. I Upvoted, Resteemed, and Following.
My dream is Steem to $10
Great job, keep informing us on Steem. Can not wait that time it get $4,70
nice man keep sharing :)
Hello! How can you tell the price of steen will reach $4.70?
May I ask, where is chart from? (which online charting service)
Good write up, thanks for sharing, upvoted and following.
Nearly alread 500 mil market cap
These statistics are fantastic
Steem on!
Awesome analysis here man . Thanks for your effort ! Resteemed , indeed a very helpful post .
as steem, many cryptocurrencies need to break the averages to go really up