Steem Price Prediction 2022-2031: Will STEEM hit $1?


Steem flips the model and returns the value to the people who contribute the most. Users become platform stakeholders, maintaining control over their data and earning cryptocurrency rewards for each contribution they make.

Is there any evidence of STEEM investors making huge profits? If you want to participate in the Steem ecosystem’s success, you can follow a few simple steps.

Steemit users can cast votes to create a hierarchy of content. The higher the upvote count received on a content piece, the more Steem is earned by its publisher. Steemit’s meritocratic system also enables users that hold more currency to cast more meaningful, more excellent influence votes.

Can STEEM reach $1 again? It’s been a rocky price history for STEEM so far, but something looks better on the horizon. Users earn STEEM, the native cryptocurrency, depending on the number of upvotes their posts have. More than 300 Steem apps for users to earn from, including alternatives to Reddit, YouTube, and SoundCloud.

Today’s Steem price is $0.207865 with a 24-hour trading volume of $14,106,197. Steem is down 2.69% in the last 24 hours. The current CoinMarketCap ranking is #259, with a live market cap of $82,096,583. It has a circulating supply of 394,951,699 STEEM coins and the max. supply is not available.

Before jumping into the STEEM price prediction, let’s first explore its background and price history.

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What is Steem?

Steem is a versatile, publicly accessible distributed blockchain database. It is responsible for storing records of text content and transaction data. The Steem blockchain powers many real-time content apps like Steemit and is run by community members worldwide.

Steem also keeps up with the reward calculations and payouts to the distributors. The Steem DApps are in place to allow content creators and other users to easily connect with the Steem Blockchain and access their data without restrictions.

Steemit is designed as a decentralized application (DApp) built upon the Steem blockchain, using the eponymous cryptocurrency STEEM to reward users for their content. By voting on posts and comments, users can decide the payout of those posts.

To reach a broader market and create a versatile currency, the Steem blockchain makes good use of its inbuilt incentivization mechanism. The blockchain aims to include people who have not previously jumped into the cryptocurrency world and are looking for a place to start.

Who developed Steem?

Steemit Inc. was founded in July 2016 by Ned Scott alongside his partner and blockchain developer Daniel Larimer. With his prior expertise in the blockchain business, Dan Larimer helped launch the social media platform we now know as Steemit. Steemist was the first application built upon the Steem blockchain.

Understanding how Steem operates

Producing a new block

To create blocks over the Steem blockchain, a consensus mechanism is known as Delegated Proof of Stake (DPOS). This system uses witnesses instead of miners that help produce blocks. The witnesses essentially represent a group of people who own the block-creating accounts.

All the users who have Steem accounts can then vote and elect, on consensus, the witnesses. A single account holder has around 30 witnesses for future purposes. This shows the close-knit operations at the Steem blockchain as the community collectively elects about 20 witnesses alongside backup witnesses.

All these witnesses are responsible for looking after the network’s block producers and governance body, which must be done every 3 seconds. For every block that these witnesses create they Steem Power fairly pays and compensates them.

The reward system

Steem’s reward system is particularly systematic and unique to its competition. The rewards are distributed among Steem users responsible for producing or curating content, those who participate in content discussions, and the users who vote on the content.

Steem also further distributes the 75% yearly inflation as rewards amongst all the contributing users. The basis of distributing the rewards is mainly dependant on the voting patterns; however, a large majority of the rewards are distributed amongst the users who have engaged the popular mainstream content.

The new coins generated during the block creation are also shared amongst the users. This again goes out to show the close-knit community of the Steem blockchain in how they operate. The BTC(Bitcoin) is almost wholly allocated to miners once the new coins are created in block creation. From this percentage, witnesses get a 10% of the new STEEM coins while the content creators, producers, etc., get the other 90%.

Where to buy STEEM

Not all crypto exchange platforms and wallets are to be trusted. Choose such reliable cryptocurrency exchanges as Binance and secure wallets, such as Ledger Nano S and Trezor, to store your Steem coins safely. The steps are almost identical but also dependent on the chosen exchange.

  1. Create an account at an exchange that offers STEEM and is suitable for your purpose.
  2. Deposit funds into your account. Most crypto exchanges only accept cryptocurrency deposits. …
  3. Buy STEEM.

How to sign up for Steem

You need to provide the following data to sign up for a Steem account:

How do I get STEEM?

  • Post content, such as an article (75% of a post’s earnings go to the author).
  • Comment on a post.
  • Earn upvotes for a post or comment.
  • Upvote a post or comment (25% of earnings are shared amongst “curators” who upvote).

How do I improve my reputation on Steemit?

  • Create upvote-able contents – If other users like it and it’s something they relate to, they will support and upvote it. The upvotes will reimburse you with tokens and a reputation score.
  • Promote your post – Promote good content and you will also acquire more upvotes while promoting a bad quality post will get you flags ( a negative reputation).
  • Lastly, utilize DApps – Since most DApps target a certain niche and it’s something that you will enjoy doing, @musing will actually add a number to your reputation score.

New STEEM Developments

World of Charity, Education For STEEM, and Investing and Power-Up are strategic pillars of the Steem For BetterLife Community. This distinguishes the STEEM For BetterLife Community from other communities in general. However, the ecosystem recently launched a new season 4 engagement challenge.

STEEM Network Technical Analysis

According to technical indicators, the current sentiment is Bearish, while the Fear & Greed Index shows 20 (Extreme Fear). STEEM recorded 16/30 (53%) green days with 7.91% price volatility over the last 30 days. The coin is currently below its 50-day and 100-day Moving Averages. Technical indicators point to the sell zone, asking investors to sell.

This gauge displays a real-time technical analysis overview for your selected timeframe. The summary of STEEM / Tether USD is based on the most popular technical indicators, such as Moving Averages, Oscillators and Pivots.

Screenshot 53
Source: TradingView

Steem Network Price Prediction By Authority Sites

Wallet Investor

Wallet Investor predicts that the STEEM coin is an excellent investment. They expect the coin to increase in price within one year. And by that time, the coin is forecasted to be worth $0.287. They predict that an investment in this coin might increase in the future. By 2027, Wallet Investor expects the coin to increase by 167.3%.

Trading Beasts

STEEM price forecast by Trading Beasts is bullish. However, they predict that STEEM will have a maximum price of $0.379, with a minimum price of $0.258, by the end of 2022. The average trading price of the coin by then is expected to be $0.303.

By 2023, Trading Beasts expects STEEM to be worth $0.406 maximum. The lowest price the coin will go is $0.276. Furthermore, the average trading price of the coin is expected to be $0.324.

Trading Beasts predicts that STEEM will have a maximum price of $0.475, with a minimum price of $0.323 by 2024. The average price of STEEM is expected to be $0.380.

By 2025, STEEM is predicted to have a maximum price of $0.469 with an average price of $0.375. The lowest trading price STEEM will have is $0.319.

Digital Coin Price

By 2022, Digital Coin Price predicts that STEEM will have a maximum price of $0.31 with a minimum price of $0.027. The average trading price of the coin will be $0.29 by then.

Furthermore, Digital Coin Price predicts that the STEEM coin will have a maximum price of $1.17, with an average trading price of $1.11 by 2027. The coin’s lowest price is expected to have $1.06 by then.

By 2030, Digital Coin Price also foresees that STEEM will be worth $3.17 maximum. The coin’s lowest and average trading price is expected to be $3.13 and $3.07. Again, STEEM is predicted to have a maximum price of $4.26, with an average price of $4.23 by 2031. The lowest price of the coin is expected to be $4.19.

STEEM Price Prediction By Cryptopolitan

STEEM Price Prediction 2022

By 2022, we expect STEEM to have a maximum price of $0.31 with an average trading price of $0.29. The lowest price the coin is expected to have is $0.28.

STEEM Price Prediction 2023

By 2023, we expect STEEM to have a maximum price of $0.51, with an average trading price of $0.42. The minimum price of the coin by 2023 is predicted to be $0.038. Furthermore, this slight increase can be possible if the bulls take over by 2023.

STEEM Price Prediction 2024

We predict that STEEM will have a maximum price of $0.72 with a minimum price of $0.58 by 2024. The average trading price of the coin by that time is forecasted to be $0.60.

STEEM Price Prediction 2025

STEEM is predicted to have a maximum price of $1.00 with an average trading price of $0.86. The minimum price of the coin is expected to be $0.83. STEEM is a futuristic project, and we expect more developments from the network by 2025.

STEEM Price Prediction 2026

We forecast that by 2026, the STEEM coin will have a maximum price of $1.43, with an average trading price of $1.21. The coin’s lowest price expected to trade by 2026 is $1.17. We predict the coin will increase further by 2026 due to the projects and developments from 2025, which are expected to mature.

STEEM Price Prediction 2027

By 2027, STEEM will have a maximum price of $2.03 with a minimum price of $1.75. The average trading price of the coin by then is expected to be $1.81. Our prediction by 2027 is based on the previous effects of the projects and developments in the STEEMIT project.

STEEM Price Prediction 2028

If the market stays favorable by 2028, STEEM is expected to have a maximum price of $3.10 with a minimum price value of $2.56. Furthermore, the average trading price of the token is forecasted to be $2.65.

STEEM Price Prediction 2029

STEEM is expected to experience a price rise in 2029. The coin is forecasted to have a maximum price of $4.51, with an average trading price of $3.85. The lowest price the coin will go is expected to be $3.72.

STEEM Price Prediction 2030

It is essential to note that 2030 will be the year for STEEM. We expect the STEEM token to have a maximum value of $6.55 with an average trading price of $5.71. The lowest price the coin will go to in 2030 is $5.52.

STEEM Price Prediction 2031

Our STEEM coin price prediction for 2o21 is bullish. STEEM is expected to be worth $9.83 maximum. The coin’s average trading price is expected to be $8.30, while its lowest price by 2031 is predicted to be $8.07.

STEEM Price Prediction By Industry Experts

STEEM has great tokenomics and technology behind it. And famous crypto influencer @Climax Crypto is bullish on the STEEM’s price. According to him, if STEEM can stay above 53 cents, the coin can get to 73 cents and probably reach $1 very soon.

Conclusion

STEEM is a stable and potentially strong cryptocurrency. It is expected to keep its place in the market and grow more in the future. The trendline clearly shows that it will increase more and more in value each year. An investment in Steem coins now might be fruitful in the coming years.

Blockchain content-based rewards will be a game-changer, and it’s only a matter of time before they will replace advertising. Advertising dilutes the value of content, and the mission of Steem is to reward creators for what it’s worth. The adoption of the Steem platform by more users will be a significant factor in the future success of Steem.

According to our STEEM price predictions, STEEM is a good investment. Hence we expect STEEM to go beyond $1 starting from 2025. Even though we are bullish on STEEM’s long-term prediction, we advise that you do your own research before investing in this token

Nevertheless, with these forecasts by experts and price projections, it is wise if you don’t put all your life savings in cryptocurrencies either for a short or a long while. This is due to the uncertainties and volatility of the crypto market. Therefore, invest caution and do your research before putting money into any cryptocurrency.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.





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