Last week I posted about the mainstream adoption of steemit and how it competes with other social media platforms. During that post STEEM had increased to a modest $US9.05. Now in my opinion that is not even close to it's true value and many other "shitcoins" are valued higher. That leads me to believe that the reality is STEEM is massively undervalued and as my good friend @sirknight says...
If Steemit grows to a mere 7% the size of Facebook - that's $100 Steem!.
We could quite possible see it in 2018 as this is the year pegged to be "The Year of Crypto". To go from $9.25 to $100 is only an increase of 981%. Let's see what other crypto's did last year.
Litecoin: 1,725%
NEM: 8,662%
Dash: 3,024%
Stellar 842%
Well as I said before you are all in luck. Due to some pesky little bugger, Justice Minister Park, in the South Korean peninsula independently announcing a trading ban policy on crypto-currency. However, according to Joseph Young, a reporter and SK national, that was not agreed upon by the government and the Ministry of Strategy and Finance. In other words it's all FUD.
Now like most crypto currencies, this announcement sent people into panic sell mode with the total market cap plummeting 200 billion in a matter of days. According to SK official's of the South Korean government, Park’s statement reflected his own personal viewpoint and not that of the Ministry of Justice and the government.
But this is great news, this provides an opportunity to buy STEEM at a massive 50% off.
