steem and ethereum money
Helloo all my fellowers, what do you see in common between steem and ethereum? I have noticed quite some similarities between these two coins hence why I decided to ask this question to know what other people think about them..
Ethereum is a smart contract platform. Apps can be built on it. Steem is not a smart contract platform but apps are equally built on it leading to decentralization of such app.
Ethereum is a cryptocurrency that can be accepted as money and so is steem. Ethereum costs some gas for transactions but steem does not cost anything for transactions. This means that steem is cheaper for transaction than ethereum and is better suited for micro-payments.
Transaction time with steem is in seconds but so is also ethereum. However, when ethereum platform is congested, the transaction time can be greatly increased. This gives steem a greater advantage here because steem processes millions of transaction in seconds without delay.
The total supply of steem today is 257,718,807 while that of ethereum is 94,537,517. Going by these supplies, If steem is to be same price with ethereum today (which is $276.2 now), the price of steem would be $101. This is about 79 times of the current price of steem which is at about $1.27. When you look at the above comparisms and similarities between ethereum and steem, you now come here to wonder why such a discrepancy in price. Why does ethereum have almost 79 times the price of steem? I leave you to fill this gap.
I think the steem community is higher than ethereum community. I stand to be corrected. If you put all the communities of steem and join it to the community on home app called steemit, then I believe steem community will be bigger than that of ethereum.
Both are immutable as they are all decentralized platforms.
I believe that steem is greatly undervalued at this moment. Every investor should consider buying steem at the current price. It can only increase in price. I see this coin far above ten dollars in one year time from now.
What is your thought on this? Drop it using the comment box below.
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