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RE: Congratulations everyone - STEEM just broke to a 17 month high against the buck!
The old ATH of $4.31 on this long term cup and handle will be breached in short order, then it's vertical from there. Who knows where the peak will be? My guess is $50-100, but it could be higher.
Hahaha let's not get too carried away with the double digit calls - but I hope you're right!
I think it has to happen, even $100 Steem would only put us in the top 5, with 1/3 of the market cap of Ethereum. Consider Steem is the number 1 blockchain by activity, and that's with it running at only 0.3% capacity. With the price now it would have to go up 1400x to match the price to blockchain activity ratio relative to Bitcoin.
I think it's taken so long for it to rise simply because it's such a sleeping giant, it takes time for such a large ship to make a turn.
http://blocktivity.info