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RE: STEEM price will go for a pump in next two weeks, price will increase by 20% measured by USD fiat
I haven't done the math to calculate exactly how much is being spent to manipulate STEEM price. The amount that would have to be spent to continue manipulation up to $1000 might be prohibitive.
But as a simple calculation, STEEM market cap is currently $1B. Market cap at $1000 would be $250Billion.
I'm not sure even the Hunt Brothers had big enough balls to take a run at cornering a market that big
There will be ups and downs along the way. Hopefully we can improve user rentention and boost our growth rate and make a run at it. I think SBD would have to all though. I think the steem blockchain could be worth $1 trillion or more someday. Right now it seems to me the value should be higher but we are in the early stages and have had some issues that still need to be resolved. Even so I think steem price should at least be in the $5-$10 range now but hopefully it will be there by the end of this month.
Facebook is only valued at $500Million. We would have to see a period of hyperinflation for steem blockchain to be worth $1 trillion. More a fantasy value than a probable value in my opinion
Yeah I'm talking like 5-10 years down the road. I think 100% a year growth rate for 10 years should be achievable. We spiked 100% last month. lol Hopefully we can have another nice rise this month. We are still up over 100% from a month a go but we might pause this month hard to say.
FYI I'd upvote your reply but my solo upvotes don't count due to the .02 payout threshold.