Steem is the coin that we all are aware of because we work on this platform and all of us try to have more SP. SP is referring to a steem power which means when we power up the coin it gets converted into power and that coin power is called steem power. There is a process that we can follow to power up and it happens instantly however to convert it back to the liquid coin it takes four weeks. Holding more power means we have more value in our wallet and we can also support multiple authors with a significant reward. When we upload the content then nothing goes out of our wallet and even we also earn curation rewards for the post that we upvote.
Today in this article I have discussed the price of a steem coin in the market. I expect that the current price is very low which is something I can say that it is highly undervalued. If we have a look at the below chart then you will find that the current price is approximately $0.25 and it is certainly low. We have seen that in the last bull run market this coin was above one dollar for a long time and I expect that it is going to happen again. I can't say what all-time high it will create in the upcoming bull run market but surely I expect that a growth of 4 to 5 X is easily possible as per the price we have in the market as of now.
Although we know that the all-time high price for this coin during 2018 was very high and it is difficult to be there but it does not mean that the project does not have any potential. It is one of the projects that has been ongoing since long and it proves its existence which is also a good thing and we can trust on the project because it will do well in the coming market cycle. Assuming that there will be similar growth that we have seen in the last bull run then also its easily going to be $1. It's all about having patience and building when the market is low and the same I am trying to do because I believe that this is going to be valuable and this is the reason why I do not have any plan to stop building my holding and I follow long-term strategy.
What are your thoughts about steam coin in the market as of now and do you think it is the right time to accumulate more?
Thank you so much for stopping by and if you like my content then please vote and share your thoughts in the comments section.
10% beneficiary to Tron-fan-club