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RE: I Think I Just Found The Reason To The Big Move In Steem
Think about the effects of SMTs. Mithril which is "Attempting" to be a STEEM competitor is up 214.23% and it's an ERC-20 for god's sake. STEEM is just starting. Mithril is just hype. People will realize what's better. I'm so not powering down even if STEEM hits $30+
Yeah, but i havent seen any major news about the SMT´s, so Im expecting a lot of action once we hear a big player coming in.
I was not aware of Mithril, will check it out.
Just imagine that the market cap of Facebook is around 500 Billion USD, Steem could easily be worth 50 Billion (10%) of that) and that would give us a Steem price of $187. It might not happen this year, but markets always overreact, so who really knows...
I'm pretty sure about $30 for the year. Mithril is a STEEM ripoff (like YOYOW) but using ERC-20 and with focus on millennials. I've been following the project since the time you told me about Theta Token. I won't make any long term bets on it.
I hope for Hiveminds to come first. That will drive prices up like crazy and then a correction and then SMTs. What I found to be interesting was that they are working on what seems like HF21 along with SMTs and HF20
https://github.com/steemit/steem/projects/4
You can have an idea about SMT development here: https://github.com/steemit/steem/projects/5
It's not too comprehensive. But it's something and there is actual work being done.