Steem seems to be struggling to find a reason to justify a higher value in the market. So far the it's only use and its only value seems to be tied to SteemIt.
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Steem seems to be struggling to find a reason to justify a higher value in the market. So far the it's only use and its only value seems to be tied to SteemIt.
So far steemit.com is the biggie. How long will it take to get SMTs up and running? Will SMTs trigger a lot more apps to be built on STEEM?
now if this were Facebook and they ran a SteemIt model to reward posts and comments - and - they accepted the use their FaceIt coin to pay for Facebook ads. or eBay and they encouraged the use of their eBayIt coin for buy transactions or PayPal or Amazon with their own coins and there was only a finite number of coins created - then maybe the coins would increase in value as the demand for them increased.
Perhaps there was a lot of speculation money into Steem that vaporized and pulled out and joined the stampeded to get in on the rise of Bitcoin valuation with a lot more future potential for increase in demand and valuation. In which case Steem may have further to go down in value before it goes up significantly in vale.
More uses, more apps, may increase demand and valuation, we can hope.