When will the price of Steem go up?
According to the viral growth cycle of three months we are seeing now, we should reach over one million users around the end of 2017 or the beginning of 2018. The additional buying demand of these new users to power up Steem will drive the price steadily up for months to first over $10 and within another year or two over $100. Steem will eventually have the number one market position even above Bitcoin at over $1000 per Steem because it is the only cryptocurrency easy to get started with and practical for adoption by the masses. No competitor will be able to copy the format or features because at the rate Steem is growing they would need to offer 10 times more value than Steem as Steem does compared to existing social media websites and blogging platforms. Read more about the price increase