Steem Price Comparison and Growth Potential
Hi All, this is my first post and I will be discussing about the growth potential in Steem platform and we will also compare Steem with Lunyr to make some striking revelations.
Steem
We all know Steem is social media platform with a difference that all the Steem users are rewarded for their actions on this platform.
- Posting
- Curation
- Commitment
- Saving
STEEM Rewards
Steem is currently trading at $1.20 and has reached all time high of around $4 in Jul 2016. We are all using FB, LinkedIn and other platforms for socializing and sharing information but Steem makes a big difference in this experience by even rewarding the Steem users with Steem cryptocurrency.
Steem Price Link at CoinMarketCap
Lunyr (Currency Code: LUN)
Recently we saw a hike in the prices of Lunyr that is having a concept close to Steem; Lunyr rewards the users for sharing knowledge i.e. writing knowledge articles.
LUN price varied from $2 to $5 between 1st May 2017 to 11th Aug 2017 but it broke the threshold last week and reached all time high of around $26 and currently it is trading at around $18.
Lunyr Price Link at CoinMarketCap
LUN Background
Let me explain background of KB Articles in order to make it easier for you to understand the concept. “KB Articles” are standard documents containing facts and information, the purpose is to maintain a centralized repository containing all the KB Articles that will form a huge online encyclopaedia.
Lunyr Site Link
LUN Rewards
Lunyr users get rewarded with LUN for reviewing and contributing to knowledge base.
Conclusion
Based on the price analysis between LUN and STEEM it appears that STEEM is quite undervalued at $1.2 and has huge potential to become one the most exciting and rewarding social media platform in near future with its currency price increasing to $10.
Please share your comments and views regarding this comparison and any suggestions or strategies to invest in STEEM to make most out of this cryptocurrency, not just through social media platform capabilities but with trading techniques as well.