My Prediction About STEEM Price 7 Years Ago Is Still Relevant

Original Photo Edited By MS Paint

I predicted STEEM’s downfall 7 years ago through a meme post. At that time, the STEEM price was $0.96, and Bitcoin was $4020. Now, it hovers between $0.16 and $0.20 over the last month. There should be no confusion that STEEM will never reach its all-time high of $8.57 again. Even reaching $1 seems impossible.

It has already been proven that the Burn Steem project drastically failed to increase the price of STEEM. One reason may be that most of the whales do not use the Burn Steem mechanism. Another, or perhaps the main reason, is the low demand for STEEM in the cryptocurrency market.

The Steemit management did almost nothing to promote it, which is why most crypto users and traders are unaware of this full-fledged cryptocurrency. Steemians, however, are trying their best by sharing their posts on social media, but this is not enough as they are not social influencers, and their posts do not reach millions.

In my opinion, the Steemit administration should make some investment to promote STEEM and Steemit. Otherwise, we won’t be surprised to see more zeros added to its price in the near future.

Read my 7 years old post about STEEM price