Right now
The social media market has a stock capitalisation of 400B$. This include Facebook, Twitter and Snapchat.
So what they do these companies, they convert our attention into advertising dollars. That means our attention, the time we spent consuming and contributing on these platforms is worth something.
What if I told you, there is now a technology that allow each one of us to get rewarded for consuming and contributing on the internet. Our attention getting rewarded with crypto-currencies.
Steem blockchain is the most successful example of this new wave of decentralized platforms that give back to its users.
Right now Steem market cap is 100M$ with 1 coin = 0.4$.
With a supply of 250'000'000 coins and a price per coin of 0.4$, we have a market cap of 100M$.
In 5 years
Let's imagine we are now in 2023 and let's say the social media market is now 500B$. This number is probably too conservative because the space might become even more important.
I think it is right to think this new blockchain-based technology could easily capture 10% of the social media market in 5 years.
Let's assume Steeem is the one blockchain that solve the problem of rewarding contributors on social networks and let's calculate how much 1 steem would be worth if Steem capture 10% of the social media market.
10 % of the social market in 2023 is 50B$. In 2023, the number of steem coins have been increased to 350'000'000. This is caused by the inflation which is programmed in advance.
50B$ market cap divided by the 2023 coin supply of 350'000'000 coins is equals to 140$ per coin.
If we reduce the market capture to 5%, it is 70$ per coin, which is still huge and make an account with 10'000 Steem Power worth 700'000$.
At the rate of 70$ per coin and a 10'000 Steem Power account, it could generate 100'000$ per year by delegating all the Steem power. If you want right now to delegate your Steem Power and generate passive income you can try out SmartSteem from @therealwolf. Look me up in the list of delegates.
Steem crisis
It's now the peak of the Steem crisis where we learn that Steem Inc. is probably not going to support the Steemit app for too long. Also many big contributors like @exyle and @meno are starting to become depressed and angry.
This post is dedicated to all Steemians who are feeling down right now.