Remember when bitcoin was constantly making new all time highs? Looks like it's STEEMS turn! I'm loving it, this honestly feels like more to celebrate than New Years! All of those power ups from the past really feel good right about now. I personally don't think we're done yet, we've got a lot of room for growth.
When I look at the market cap of all coins, I see steem has become VERY under valued in this space. There's a new coin, Tron, which is going to try to build a platform like Steemit, and they are ranked #14 with a 5 billion market cap. IOTA doesn't have a working product and they are ranked in the top 10 having gone as high as #5.
I think the true value of steem, in this current ecosystem, should be at minimum, a 12 billion market cap, putting the price of STEEM at $48 a token. Put on your seatbelts ladies and gentlemen.
