After a crazy run the last couple of weeks of the major criptos hitting all time highs, last night Bitcoin and many other cryptocurrencies plunged by as much as 40% in 12 hours. Now the internet is exploding with stories and rumors, the bubble has popped, this is just a little wave, ect. What i'm more interested in is what our STEEM is doing. In one day STEEM rose 38% and is continuing to slowly clime. One emerging theory and one that i think is that as the major cryptos drop people are pulling out and looking for somewhere else to invest. STEEM is currently sitting 34 out of almost 1400 and with its current steady climb its and appling option. Plus many of its main features like 3 seconds transaction time are getting attention as the Bitcoin and Etherium networks are getting plugged up.
What does the future have instore?
With the coming Smart Media Tokens (SMTs), lightning fast processing times and fee-less transactions, Steem is positioned to become one of the leading blockchain technologies. Several people are predicting that STEEM will hit $10 soon and stop there but i think they are wrong. I believe that with the continued development and adoption STEEM will easily reach $100 and continue growing. With all this said I am not a financial advisor and recommend that you do your own recherch and invest wisely. Ide love to hear your opinions, please feel free to leave a comment and make sure to upvote.
