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RE: STEEM: I am pleased to say that STEEM briefly passed $2.80 today at 0.00099998BTC with BTC >$2,825. Year End Target = $4.70..!!

in #steem8 years ago

I think STEEM will definitely set a new all-time high in USD price this year.

Traders typically like round numbers, your year-end price target may be a tad low in USD price, I was thinking this morning when your $2.80 USD target was realized that $5.00 USD is very possible this year with a target of possibly $10 USD next year (2018). Of course I think this is dependent on growth (new accounts).

The latest new account metrics in Daily Steem Stats Report - June 09, 2017 by @penguinpablo

This "new accounts created" chart shows another drop off after the latest surge of new accounts. Is another backlog of new accounts forming? Steady new account creation will be important to attaining new price targets in STEEM.

In Clif High's webbot, he predicted ebbs and flows in the price appreciation of STEEM with the price appreciation being related to new account creation. We will see if this pans out.

Regarding you birthday tomorrow:

🎁 I wish you a very Happy Birthday! And I expect to see you here on SteemIt for many more birthdays! 😊
You have been an ardent supporter of the SteemIt community and I wish you much future success!
Now enjoy... 🍔 🍕 🍨 🍪 🍸 🍺
Here's to you! 🍻

Steem on,
Mike

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Cheers Mike. Looking forward to many more birthdays whole on Steemit. Thanks again for the well wishes. Have a great weekend. Stephen

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