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RE: The virtuous cycle of upvoting your comment section...
This is a very good submission. I see people talking everyday about steem getting to $1, do you think is close to that price?
Well, as for upvoting my comment section, I do that always until I was delegated some SP for community project. Nice post @cryptoctopus.
Steem is already at over $1 per token ;) You can see the current market value at Coinmarketcap.
Steem is currently at number 34 in market caps with a value of $347,280,180. The current price is $1.41 so the market cap would have to move up to about $3 billion which don't seem unrealistic. There are other coins/tokens that are much less likely to succeed than steemit.
I would argue that the entire crypto market is going to grow by a multiple of 10 in the coming years and steemit will grow by a multiple of 10 with relation to the entire crypto market. With this being said, I wouldn't be surprised to see a $140 steem (or much higher) by 2020. Further, if there are any serious outbursts of problems in the financial system or the USD starts falling, then we could even see much bigger numbers than that.
If steemit reaches Twitter level usage (which it looks like it is heading there), then steem should have a somewhat equivalent market cap as Twitter which is valued at $15-22 billion. Further, steemit has the power to do so so much more than Twitter.
Technology grows exponentially so the value could start shifting the decimal places ($1.40 -> $14.00 -> $140.00 -> $1400 -> ...) very rapidly.
I look forward to seeing where this is heading!