Steem Price Prediction For 2018

in investment •  last month

Howdy folks, just launched my new cryptoblog ICOWatch.

I am going to be posting articles about Crypto, new ICO's that are being released as well as various ways to make money with cryptocurrency.

I just submitted my first post and would LOVE to get some Steemit love as I am trying to build more traffic.

You can read my first post "Steemit Price Prediction" here.

Here is a brief excerpt from the post.

The price of Steem experienced a large amount of volatility in 2018. The price of Steem was around $1 usd to Steem at the end of 2017. At the beginning of 2018 Steemit experienced a large bull run with price surging to nearly $10 dollars. The price experienced high volatility during the month of February and then began to settle down during the month of March. After this highly volatile start to the year, the Steem price settled down for a period. The month of may brought about a second, minor, bull run bringing the price back up to $4 dollars. The price continued on it’s descent during the months of June and July, bringing us closer to our current price of approximately eighty cents. The current position is the lowest price the crypto coin has seen since November of 2017. Remember, the low of last year was quickly followed by the new all time high that we experienced in January of 2018 with the price of the cryptocurrency reaching an all time high of $8.57 dollars per coin. While it is important to remember the inherent volatility and seeming randomness of the price of cryptocurrencies, we are experiencing similar market conditions to the ones that existed in the months leading up to this years all time high. Expect to see potential further decline in the Steem price before any major correction to occur.

Read the rest of the post over at ICOwatch

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Well written. Thanks for sharing your opinion @icosandwhich

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To support your work, I also upvoted your post!

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I think it is also important for us to acknowledge how basically all alt coins are somewhat tied to the rise and fall of BTC price. The massive STEEM price increase we saw in January was probably also closely linked to a BTC bull run.

So if we are trying to predict where the STEEM price will go, its probably worth focussing on how BTC with change.

I'd love to hear other thoughts. Anyone think we can expect STEEM to change independent of BTC?

STEEM Price
Screen Shot 2018-08-15 at 5.59.45 PM.png
BTC Price
Screen Shot 2018-08-15 at 5.59.52 PM.png

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The fact that SBD are no longer being produced is DEFINITELY going to have a pressure effect on price. Just watch

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So now is a good time to buy? What is a social media platform like this even worth? Hard to value.

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You can't use conventional fundamental analysis like in the stock market.