STEEM Price Prediction 2022-2030: $59,595,935 Reward since June

STEEM Price

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 live Steem price is $0.334052 with a 24-hour trading volume of $7,049,329.  Steem is down 2.80% in the last 24 hours. The current CoinMarketCap ranking is #330, with a live market cap of $131,934,291. 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.

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.


Steem Overview

STEEM Overview
CoinSymbolPriceMarketcapChangeLast 24hSupplyVolume (24h)
steem
Steem
STEEM
STEEM$ 0.247881$ 97.91 M4.62%394.95 M$ 41.87 M

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.

Steem Technical Analysis

The chart below shows a downward trend that began on 5th April when the MACD and signal line crossed the zero line with high momentum. The William alligator indicator is feeding on a downward trend suggesting the price of Steem will continue trading low.

STEEM Price Prediction 2022-2030: $59,595,935 Reward since June 1

The 14 days RSI suggests no signs of a price reversal, and the price of Steem will continue to hover at $0.321 in the short term.

STEEM Price Prediction 2022-2030: $59,595,935 Reward since June 2

Steem Price Predictions 2022 – 2030

Tradingbeasts

Steem forecast research analysis by Tradingbeasts shows Steem will trade higher in May at $0.446. Early next year the value of Steem will open at an average price of $0.403 a price drop from $0.413 in December 2022. The price drop will continue to fall until June 2023, when it will pick up and reach its highest average price in December 2023 at $0.504. 2024 will have mixed price trends, with the highest price registering in December at $0.547.In 2025 the price of Steem will trade within a maximum price of $0.662 and a minimum price of $0.474.

Walletinvestor

If Walletinvestor is anything to go by Steem is a profitable investment set for an ROI of 44% this year alone. Steem’s prediction forecast for the next 14 days is bullish with the average price ranging between $0.296 and $ 0.309. Next year will register a return of 87%, 2025 at 129%, a little price fall in 2026, registering an ROI of 124%. 2029 will have the highest ROI at 190%.

Technewsleader

The average price of Steem cryptocurrency will be $0.42 throughout the year. In 2023 the cryptocurrency market will enter a new age and Steem price is estimated to rise to $0.58. If investor sentiment continues to grow in 2024 Steem price will reach $0.83, and institutional investors will further the price to $1.25 in 2025. A Steem crash might happen if jurisdictions impose bans on cryptos otherwise the price will soar and you should buy Steem at $2.10 in 2026. Improvements on the Steem network will guarantee more for Steem as it reaches $2.56 in 2027. Steem community will continue growing increasing its demand, Steem is forecasted to reach $3.71 in 2028 and rise steadily to $5.09 in 2029. In 2030 new partnerships will ensure Steem $7.92.

Cryptopolitan

STEEM Price Prediction 2022-2030: $59,595,935 Reward since June 3
STEEM Price Prediction 2022-2030: $59,595,935 Reward since June 4

Note: The values are in USD.

Steem Price Prediction 2022

The crypto market recently went through a bear market to trade below the year’s average forecast price. Steem has a solid community and its price is estimated to trade higher this year averaging at $0.43.

Steem Price Prediction 2023

With the continuous launch of new smart media tokens on the Steem blockchain, the Steem network will scale with new dapps able to mint and issue their tokens. The growth of the underlying token will enable it to reach $0.63 in 2023.

Steem Price Prediction 2024

Steem will reach its maximum possible level at $1.03 if the market is favourable. Its average price for the year will be $0.92. Volatile markets might push the prices further down.

Steem Price Prediction 2025

Steem technical analysis on historical data suggests Steem will have the momentum to grow by 50% from its closing position in December 2024. During the period you should be able to sell Steem for between $1.51 and $1.26.

Steem Price Prediction 2026

Steem’s Dtube will grow because it offers a better incentive program than its centralized competitors. Advertisers will compensate viewers for interacting with their ads. This new model and other inventions will see Steem reach $1.9.

Steem Price Prediction 2027

Regulation of Steem coin by more jurisdictions will attract more institutional investors in the Social media industry. High investments will help Steem’s price grow to $3 with the future price reaching an average of  $2.76 giving every investor a good return.

Steem Price Prediction 2028

Steem cryptocurrency prediction forecast in 2028 shows Steem will trade at a minimum level of $3.8, a maximum level of $4.6 and an average trading price of $3.93.

Steem Price Prediction 2029

A Steem crash might not happen given the stable nature of the Steem blockchain and hard forks that have happened in the past to ensure efficient transfer of value. Innovations will play a vital as the need for scalability and instant transfers grow. The factor will pitch into the price of Steem which will reach a maximum possible level of $6.52.

Steem Price Prediction 2030

A Steem price increase predicted for the year 2030 and beyond as the use case of Decentralized entities continues to grow in everyday life. Steem will reach its ATH price trading at a minimum price of $8.22 and a maximum price of $9.86.

Steem Price Prediction by Industry Influencers

The decentralization of social media is an ideology that is now picking momentum. If more people adopt this ideology it’s surely going to grow the value of Steem.

With mass adoption, Steem may turn out to be much more profitable when compared to its centralized competitors in the same industry.

Conclusion

The data brought forward for STEEM price prediction is pretty conclusive and can help any new prospective investor for future investments. Making a thorough decision based on sound advice and technical analysis is key to stepping into the world of cryptocurrency. The volatile market requires expert knowledge and attention.

Litigation is likely as the Steemit saga continues, with stakeholders’ Steem “stolen”. Issues in the Steemit community continue to escalate, with a class action or other significant legal action fast becoming the only possible outcome. The key issue is a controversial hard fork to the Steemit blockchain on May 19, which effectively allowed for the confiscation of specific users’ tokens. Read more about this issue.

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 grow more and more in value with each year. An investment in Steem coins now might prove to be fruitful in the coming years.

Blockchain content-based rewards are going to be a game-changer and it’s only a matter of time when 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 major factor in the future success of Steem.

Our technical analysis shows Steem is still a long way from attaining its all-time high. The coin needs to grow in utility and scale in more industries such as NFTs and metaverse for it to achieve the target sooner. This is not investment advice; please do more diligent research.

FAQS about Steem

Can Steem be mined?

Steem cannot be mined since they abandoned the proof of work mechanism.

What’s the difference between Bitcoin and Steem?

Steem works on a delegated proof of stake mechanism while Bitcoin works on a Proof of Work mechanism.

How are new Steem coins minted?

New Steem crypto tokens are created when a new block is produced, the new tokens are made available to content creators and block validators.

Will Steem attain its All-time high?

Yes, in the long term. Steem price is 96% below its all-time high at $8.4.

What will be the value of Steem in 3 years?

You should be able to purchase Steem and sell Steem in 2025 at $1.29. 

Is STEEM a worthy investment?

Yes, based on historical data and expert analysis, the value and price of Steem are bound to increase in the future.

Is Steem going to crash?

No, based on the technical and expert analysis, it is expected to stay afloat.

Will the price of STEEM rise to 1 USD soon?

No, according to technical analysis, Steem still has a long way to go.

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.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

Related News

Hot Stories

LUNA died after 1,911,665% supply pump, now at $0.00001
Terraform Labs Founder Do Kwon proposes a Terra Rescue Plan
The BTC Fund of Grayscale Plunges After SEC Meeting
LFG: Where is Luna Foundation Guard accumulated $2b worth of Bitcoin?
How to Buy Saitama Inu

Follow Us

Industry News

LFG: Where is Luna Foundation Guard accumulated $2b worth of Bitcoin?
Terraform Labs Founder Do Kwon proposes a Terra Rescue Plan
Fantom blockchain suffers another DeFi hack
Galaxy Digital suffers a loss of $300 million in this quarter
Coinbase hit with a lawsuit for listing and promoting GYEN