The crypto market is almost ready for a bull rally. Bitcoin is now approaching 100k after a major correction. Along with this, altcoins have also started giving small pumps. Such pumps will take a big step at some point. In today's blog, we will discuss where the future price of Steem can go. So let's get started:
Steem is one of the most underrated coins. It has been running successfully in the market since 2016. During this period, this coin has seen a lot of ups and downs. And it has always maintained itself in the market. Since this coin has survived in the market for so many years, it can be said that this coin will do well in the future as well.
Steem dumped heavily in the last bear market. This led to it heading towards its all-time low, then the $0.10 Steem bullish rally ended and started following the uptrend. As a result, the market has been pumping for the past few weeks and is gaining price day by day.
Currently, the price of Steem is $0.1520 and its market cap is about $80 million with a supply of 511 million. Which means that the coin is in the green. Such coins can easily give profits of up to 10-15 times. Because, due to the advantage of being a low market cap coin, its return becomes high due to gaining a small amount of market cap.
It is expected that the price of Steem can go from $1 to $2 in the upcoming bull market. To be at $1 price, its market cap must be 511 million and $2 price must be 1050 million. Which is not impossible in the crypto market. So, if you are thinking of investing in this bull rally, Steem can be the best solution for you.
VOTE @bangla.witness as witness
OR
Thanks