Hi fellow Steemians!
It is just a few days when I was predicting bright future for Steem and Steemit in my post Review of 2017 and hopes & wishes for 2018: Happy New Year to all Steemians! and as you probably noticed, Steem has taken the world of cryptocurrencies by storm at the very beginning of the new year.
Its current price is 7,23 USD, which looks great but as a matter of fact, it might be still greatly undervalued as the potential of Steem, the only cryptocurrency backed by a rapidly growing social network, is probably much bigger. My guess is that it can get over 100 USD by the end of this year.
Source: coinmarketcap.com
With a low market cap, fastest blockchain technology with no transaction fees and the general trend of increasing awareness and popularity of cryptocurrencies, Steem is certainly one of the best investment opportunities on the market at this point.
As for Steemit, the future looks very promising too. Let me remind you that all of the most popular social networks such as Facebook, Twitter or Instagram had a slow growth in the first two years of their existence. Then, however, most of them skyrocketed. Steemit will celebrate its second birthday this July and right now, I don’t see anything that would prevent it from the rapid growth. Those who have been checking Steemit´s position in Alexa.com ranking know that it has been constantly climbing up the rank. It is currently ranked as the 1,609th most popular website in the world and I am positive it will break into the top 1,000 soon.
Source: alexa.com
Steemit will soon upgrade from the beta version and the hotly anticipated introduction of Smart Media Tokens (SMT) is just another sign that the platform will be up for a huge expansion in the months and years to come. We also shouldn’t forget to mention that Steemit has already launched several working supportive platforms such as D-tube, Zappl, DMania or Steepshots that have been successful too.
As you can see, all these hints suggest that we should get ready for a thrilling ride here on Steemit. I think the total number of Steemit accounts might easily soar to anywhere between 5 and 10 million by the end of this year. Are you excited yet? :)
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Tomas
CEO & Founder of CGH
