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RE: Steem Total Value Powered Up - $108 million - May 14, 2021
Every day more and more users turn on their accounts, tell me what it takes for the market capitalization of steem to be more prosperous since steem is outside the top 100 of coinmarketcap.
Do you think jondoe's idea of creating a SteemSwap to make leverage would make the price of the steem go up?
In the end, I think it's about supply and demand, so if his idea increases demand, then yes - I think it would help. My personal opinion is that the best way to increase STEEM's value is still to have more of it powered-up. This reduces the supply in the markets and it also creates more investors who have the "profit motive" and also the ability and motivation to direct rewards to the most valued content creators.
One thing that we have been really bad at here is making the case to recruit curator-investors. If we could get better at bringing in that type of stakeholder, I think STEEM's value would benefit from it.