Table of Contents:
- Coin prognosis
- What is Steem coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
- Where to buy STEEM
Possible uptrend on Steem Up Only
Our coin price forecasting algorithm indicates bullishness on the STEEM/USD pair. This means it will do well in the near to long term.
STEEM Price | $0.2003 USD |
Price Change 24hours | $0.0105 USD (5.53%) |
24h Low / 24h High | $0.1856 / $0.2049 USD |
Trading Volume 24hours | $11,718,159 USD |
Market Cap | $85,033,208 USD |
What is Steem? Fundamental Analysis
Steem.it is a blockchain-based social media platform where anyone can earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem based currencies in a vest fund, which generates interest.There are three main currencies in Steemit: Steem, Steem Power (SP) and Steem Backed Dollars (SBD).Steem is liquid and can be bought in an exchange and converted into steem dollars or steem power.Steem Power is basically Steem that is locked in a vesting fund for 3 months. Users can use steem power to upvote content and get curating rewards.When a user upvotes content his steem power gets depleted and then slowly regenerated. Steem Power holders recieve interest from their holdings. The more Steem Power a voter has the more revenue he'll generate for himself (in form of SP) and for the content creator (In SBD).There is also an incentive to upvote content early, as the rewards are distributed according to time. The earliest votes gets the biggest share of the reward.Steem Backed Dollars are there to protect content creators from volatitlity and can be traded for roughly 1 usd worth of steem, in order to cash out from steem. Converting Steem backed dollars into STEEM takes 5 days. Users also recieve interest from holding SBD. TSteem is a proof of work currency with a scheduled blocktime of 3 seconds. Steem PoW mining is done in rounds of 63 seconds by 21 miners (witnesses). 19 of the miners are pre voted, one is the other with the most computational power, and the last one is selected from a queue of witnesses that did not get on the top 19 voted witnesses.90% of the block reward is allocated to a vest fund to reward curators and PoW miners, the other 10% are made liquid in the form of steem and are used to reward content creators. Steem gets converted to Steem Backed Dollars and sent to the content creator.
Future price prediction
Date | Price | Possible movement |
---|---|---|
Feb 3, 2023 | $0.2049 | Neutral |
March, 2023 | $ 0.2288 USD | Upside |
April, 2023 | $ 0.1941 USD | Downside |
May, 2023 | $ 0.2236 USD | Upside |
August, 2023 | $ 0.2399 USD | Upside |
February, 2024 | $ 0.2978 USD | Upside |
STEEM Crypto Price Forecast: Frequently Asked Questions
Question | Answer |
---|---|
What will be the highest price of Steem (STEEM) in future? | Our analysis shows a possible all time high of $0.2978 USD |
Will Steem (STEEM) price increase in future? | Our prognosis shows Steem (STEEM) will increase exponentially in future, attaining a possible coin price of $0.2978 USD |
Will an Investment in Steem (STEEM) be profitable or make a loss? | Steem will be a profitable investment in the next 1 year, giving hodlers a good return. |
What will be the highest price of Steem (STEEM) in future? | $0.2978 USD |
Will the price of Steem (STEEM) move downward in future? | Up only |
At the end of the year, what will be the price of 1 Steem? | Our algorithms indicates an end of year price of 1 STEEM = $0.2978 USD. |
What is the Steem price prediction for 2025? | By the year 2025, the price of one STEEM could be as high as $1.4892 USD |
Steem price prediction for 2030? | Too hard to predict. The crypto market changes rapidly. Hence, s lot can change between now and 2030. |
Where do I buy Steem? | Purchase STEEM coin here → |
Historical Price Data (USD)
Rising volume like Steem has is a great indication it will do well in the short term.
Date | Price | Volume |
---|---|---|
February 2, 2023 | $0.197 | $70,897 |
February 1, 2023 | $0.1917 | $68,673 |
January 31, 2023 | $0.1883 | $9,663 |
January 30, 2023 | $0.2037 | $70,745 |
January 29, 2023 | $0.1997 | $29,339 |
January 28, 2023 | $0.2058 | $17,349 |
January 27, 2023 | $0.1986 | $214,404 |
January 26, 2023 | $0.1967 | $66,024 |
January 25, 2023 | $0.1917 | $69,774 |
January 24, 2023 | $0.1986 | $54,101 |
January 23, 2023 | $0.195 | $39,908 |
January 22, 2023 | $0.1949 | $25,665 |
January 21, 2023 | $0.1999 | $43,264 |
January 20, 2023 | $0.1908 | $65,357 |
January 19, 2023 | $0.1883 | $215,196 |
January 18, 2023 | $0.188 | $944,123 |
January 17, 2023 | $0.1844 | $46,814 |
January 16, 2023 | $0.1835 | $57,216 |
January 15, 2023 | $0.1803 | $284,065 |
January 14, 2023 | $0.1721 | $68,358 |
January 13, 2023 | $0.1674 | $23,995 |
January 12, 2023 | $0.1674 | $25,735 |
January 11, 2023 | $0.1601 | $36,211 |
January 10, 2023 | $0.1578 | $38,009 |
January 9, 2023 | $0.1522 | $40,870 |
January 8, 2023 | $0.1504 | $17,933 |
January 7, 2023 | $0.151 | $990 |
January 6, 2023 | $0.1492 | $5,767 |
January 5, 2023 | $0.1495 | $11,515 |
January 4, 2023 | $0.1464 | $7,485 |
Steps to buy Steem (STEEM) in 2023
- Buy STEEM with USD: Purchase STEEM with USD on the following exchanges: .
Alternatively, - Buy Bitcoin directly on Coinbase, Binance or Paypal
- Send the BTC to an Exchange that supports STEEM/BTC pair. You can buy STEEM with Bitcoin at Binance, HuobiPro, huobikorea, Binance, BitTrex, HuobiPro, Poloniex, Upbit, HitBTC, huobikorea, probit, .
- Now, Buy Steem with BTC: Below is a detailed breakdown of exchanges that support Steem and their trading.
Exchanges that support STEEM/USD Pair
Exchange | Trade Pair | Rating |
---|
Exchanges that trade STEEM/BTC Pairs
Exchange | Trade Pair | Rating |
---|---|---|
Binance | STEEM/BTC | A |
BitTrex | STEEM/BTC | A |
HuobiPro | STEEM/BTC | A |
Poloniex | STEEM/BTC | A |
Upbit | STEEM/BTC | BB |
HitBTC | STEEM/BTC | B |
huobikorea | STEEM/BTC | B |
probit | STEEM/BTC | C |
Exchanges that allow STEEM/BTC trading
Exchange | Trade Pair | Exchange Grade |
---|---|---|
Binance | STEEM/ETH | A |
HuobiPro | STEEM/ETH | A |
huobikorea | STEEM/ETH | B |