I am sure that this Blog will take a few readers by surprise and I have no doubts that there will be a few that will challenge the message I am trying to get across, but from where I am sat, should the #Promo-Steem tag continue to show the jaw dropping growth we have witnessed in the last 3 months I stick by my prediction.
For the ones that are unaware of #Promo-Steem, it is now a globally recognised tag for the Marketing and Promoting of the #Steemit Platform and the #Steem Blockchain.
From its launch back in July of last year, it didn't take long for #Promo-Steem to pick-up speed.
It took approximately 3-4 months for #Promo-Steem to finally take off and was around early December of last year when the tag was finally adopted by the Community, capturing the bulk of the Marketing and Promotional Activities.
It has been an absolute pleasure to watch #Promo-Steem grow to what it is today and considering we are merely 3 months from when it finally took-off, I cannot thank you all around the World for supporting the initiative.
With now over 208,000 SBD that has so far been paid out on the #Promo-Steem tag, I thought I would share with you what I see in-front of me.
I am sure that most people will just see #Promo-Steem as another tag like any other: life, photography, art, travel, writing, story, food, nature etc, but what if #Promo-Steem was a business..??
Think about this for a moment....
What if #Promo-Steem was a Global Marketing and Promotions Company that just happens to be sat within the #Steemit Community..??
What if #Promo-Steem was like any other Global Marketing and Promotions Company outside of the #Steemit Community..??
If #Promo-Steem was a Global Marketing and Promotions Company outside of the #Steemit Community it would be valued in excess of +$10,000,000 and here's why..!!
Over the last 3 months the bulk of the 208,000 SBD has been paid to those Bloggers sharing their outstanding work to the #Promo-Steem tag.
If you take an average of ~$5.75 per SBD that would equate to approximately ...
208,000 SBD x $5.75 = $1,196,000..!!
Since taking off in December 2017, #Promo-Steem has paid out approximately $1,196,000 and that is just in ~3 months.
If this level of pay-out was maintained, that would equate to just under $5,000,000 / annually.
Should #Promo-Steem have operated like any other business, by taking an educated guess and extracting a 80/20 Revenue to Net Profit this would leave an estimated Annual Net Profit of around...
$5,000,000 x 20% = $1,000,000.
Based on this simple calculation of an estimated $1,000,000 Net Profit, should #Promo-Steem be looked on as any other business and was able to maintain the growth witnessed in the last 3 months into the foreseeable future, then putting a price tag on #Promo-Steem of $10,000,000 would be cheap.
Below is the Current Price Chart and Technical Analysis for #STEEM DOLLARS.
#Promo-Steem.com - Media Partner for The London Cryptocurrency Show
#SteemDollars triggered a #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert Signal on 06-Dec-2017 at $2.96.
From triggering the #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert, #SteemDollars has seen a modest growth of no less than x 1.20 to the current price of $3.56.
Remains Long Term Bullish.
With a current Market Capital of approximately $35,225,804 and Ranked Number 256 in the #CryptoCurrency Market, #SteemDollars has seen an explosive ride these last 3 months.
We maintain a Long Term BULLISH recommendation on #SteemDollars and will continue to monitor the technical analysis over the next few weeks/months.
Thanks again for reading.
Stephen
Please visit the #Promo-Steem.com Website at https://promo-steem.com/
Member of the @Steem-Ambassador Programme. Please follow @Steem-Ambassador for more details.
Please feel free to use the #Investors-Group tag for: Stocks, Cryptocurrencies, Commodities and Investment related Blogs.
Please note that the above information is for educational purpose only and is not to be taken as investment advice. Other Cryptocurrencies are available.
