I started investing in Steem 2 plus years ago – mostly when Steem was in the $1.00 range. The price of Steem went on quite the run, as you likely all know. But ever since the price has started eroding, I have been hesitant to invest more into Steem, as I am no crypto expert and the law of supply and demand makes me think that crypto prices will continue to decrease if demand is not increasing at a greater rate than inflation.
But the Steem slide seems to have halted (at least for now), and the price has reversed course… I never thought I would be so happy to see Steem at $0.20! I certainly am hopeful we are going higher, but really, I have no idea.
Unlike analyzing a company, I do not know what the target or fair value should be for an altcoin. I am curious on others thoughts on what the value of Steem should be and why – let me know and I will split a 100% upvote between all relevant commenters over the next 24 hours!
Thanks for coming by,