As I always indicate in all my posts, I am bullish about the steem ecosystem and its cousins: EOS and BItshares-due to their superior blockchain technology that can process transactions faster than Ethereum and Bitcoin combined. Worringly, however, steemit has been growing like a Chihuahua dog until- recently see my former post for growth details : here.
Therefore, in this post, I will indicate some few points that led to this sudden surge in price and end with a succinct conclusion:
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Opportunities in Cryptocurrencies led by almighty Bitcoin: There is certainly a big FOMO (fear of mission out) especially from former Fudders in the financial markets , cryptocurrency haters and members of public who after learning about the surge of Bitcoin, Ripple and Ethereum et al –rushing to join the vibe.
See crowd sale /white list section of www.elyte.io in order to join the next best thing.
Moreover, the best address where you can start up a great crypto journey, irrespective of your social status, financial status , geography , race and or creed is Steemit-which is and remain the best social media platform in the world in terms of reward sharing with its members unlike Facebook et al that takes all for themselves. This factor, for example, led to the surge in signups of steemit and it will only grow more due to the next point:
Steem Price /SBD : steem ecosystem has been undervalued for a while now see here for reasons. However , the recent hike in steem and steem backed dollar price resulted to fudders to be invested by FOMO which in return led to many others joining the vibe , signing up and coming back to this amazing platform. On the other hand, we cherish those who remain even at difficult times because those people are the real steemians and they are now seeing huge benefits examples: financial wealth and personal developments. Wait, see another good point:
H.Fork 0.20.0 and SMT: The upcoming Hard Fork 0.20.0 and SMT (smart media token)- again, see my former post for details : here. Many people know that the playing field will move in favor of our steem ecosystem after the implementation of SMT and the upcoming hard fork 20. Hence the rush to join the vibe before steem price moons and thus unreachable to the common investors. Moreover, the next point is also valid:
Awareness through strategic advertising: Strategic marketing is also a factor. Steemit inc , for example , invested money into reaching out to the world concomitantly with many great steemians examples @jerrybanfield , Suppoman , and I @charles1 (who constantly share steemit ingenuity daily on facebook, Youtube, tweeter and Linkedin et al thus educating the world about a better alternative to the traditional centralized social media platform they know.
Conclusion: steemit growth depends on many factors which some were discussed in this article. The important thing, however, is that steemit will see huge hike in registration reaching 1M+ before Q3 this year. This will lead to increase in steem and SBD prices; however we will also see increase in spamming, scamming and phishing scams agents -which is normal in any big social media platform, therefore get ready for the moon ride.
Do you agree? Send in your comments and or suggestions. Resteem and upvote to send in your support.
Note: See crowd sale /white list section of www.elyte.io in order to join the next best thing.
Hey guys, heard about this new upcoming coin called Ethereum Lyte (ELYTE) , so far price has shot up over 3K% in just a few weeks- even as they are yet to be listed on Coin market cap (coming soon), seems like it might be a real good investment for the future. What are your thoughts? Make sure to check out their twitter page : https://twitter.com/EthereumLyte , website : https://www.elyte.biz/ and white paper or join their active telegram community https://t.co/kAhkvVTPBF where all your questions will be answered.
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Elyte website: https://www.elyte.biz/
Telegram : https://t.co/kAhkvVTPBF
Facebook: https://www.facebook.com/EthereumLyte
Twitter: https://twitter.com/EthereumLyte
Linkedin : https://www.linkedin.com/company/ethereum-lyte-elyte/
Bitcoin Talk page : https://bitcointalk.org/index.php?topic=2618851.new#new
Reddit : https://www.reddit.com/r/EthereumLyte_ELYTE/
Join the Telegram group for now!