The price of STEEM is way to low right now..
https://coinmarketcap.com/currencies/steem/
https://steemd.com/distribution
https://steemle.com/charts.php
If you look at the price of STEEM vs the amount of users and content being uploaded to Steemit right now.. something is not adding up.
Take a look at a month ago we had very little new users signing up compared to recently where we are getting 1000+ users signing up EVERYDAY.
About a month ago we were at .23 and within a week jumped up to almost $5!
But now we are sitting less that 1.50 and that is a 24 hour high.
What happend!?
If you have been watching your wallet then I'm sure you have seen the value of your account going down..
Now if you read the " Estimated Account Value " it says that The estimated value is based on a 7 day average value of Steem in US Dollars.
So basically your value is based on the price of STEEM.
I have been pretty active in trading on Poloniex, and I'm noticing that traders on there have no clue about Steemit. I'm also noticing they are comparing STEEM to every other altcoin, and not taking into consideration that Steemit is something completely new.. So they are completely overlooking STEEM right now.
Steemit is not like any other social network, because instead of making the board members rich it pays all of that money to the community. (which I'm sure all of you are aware :)
This has a created a huge opportunity for those of you interested in getting some STEEM POWER since STEEM is so low.
Where is the price of STEEM headed?
This is hard to speculate due to the way of STEEM is created and distributed, but one thing I can tell you is that we are currently at 58,000+ users, and that number has NOT been slowing down.
So this could only mean one thing..
The price of STEEM is mostly likely going up very soon!
With more people signing up for Steemit everyday the value of STEEM POWER is probably headed sky high due to the demand for STEEM POWER, and people wanting more influence on the site.
So if you are excited about Steemit and missed your first opportunity.. Here is your chance to Power Up and get ready to watch your value head to that well known Man in the Sky!
