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Steem Price Prediction 2024-2033: Will STEEM hit $1?

STEEM Price Prediction 2024-2033

Steem flips the model and returns the value to the most contributing people. Users become platform stakeholders, controlling their data and earning cryptocurrency rewards for each contribution. Is there any evidence of STEEM investors making huge– profits? 

What’s cooking at Steem for 2024? Can STEEM reach $1 again? It’s been a rocky price history for STEEM, but something looks better on the horizon. Users earn STEEM, the native cryptocurrency, depending on the number of upvotes their posts have. 

How much is STEEM Worth?

(At press time) The current price is $1.97. Over the past 24 hours, it has seen a trading volume of $237.893 million. With a crypto market cap of $2.51 billion, it is at position #39. The STEEM price rose by 0.72% in the last 24 hours.STEEM has a circulating supply of 1,275,000,000.

STEEM Price Analysis

At press time, the current STEEM price was up 7.50% in the last 12 months and down 3.68% over the previous 30 days. Like most altcoins, STEEM  recovery began in October 2023, affected by market macroeconomics, such as the spot Bitcoin ETF approval.

The technical indicators below show Spell’s movement in the last three months. The MACD indicator shows the coin is experiencing positive momentum, while the RSI is 50.80. The current STEEM sentiment is neutral, with a neutral average directional index. There are no bearish signals.

STEEM Price Predictions 2024 – 2033

STEEM Price Predictions by Cryptopolitan

YearMinimum PriceAverage PriceMaximum Price
2024$0.32$0.33$0.37
2025$0.48$0.50$0.58
2026$0.70$0.73$0.85
2027$1.04$1.08$1.23
2028$1.57$1.63$1.81
2029$2.31$2.39$2.81
2030$3.44$3.54$4.11
2031$4.90$5.04$6.09
2032$7.12$7.32$8.57
2033$10.35$10.64$12.35

STEEM Price Prediction 2024

Our Steem price prediction for 2024 is that STEEM is expected to attain a maximum price value of $0.3705 by the end of the year. The STEEM network coin forecast suggests the average price to be $0.3346, while the minimum forecast price is $0.3232.

STEEM Price Prediction 2025

Our STEEM price prediction for 2025 shows that STEEM could have a bull run, and the price could undoubtedly rise and attain a maximum price value of $0.5829. Although the price is seen to rise from the previous year, the coin will have to experience a minimum price of $0.4839 and an average trading price of $0.5006.

STEEM Price Prediction 2026

Our STEEM price forecast for 2026 indicates that STEEM could experience a bull run, possibly rising to a maximum price of $0.7023. The currency must reach a minimum price of $0.8535 and an average trading price of $0.7274, even though the price is expected to increase from the previous year.

STEEM Price Prediction 2027

Our STEEM price prediction for 2027 is a maximum price of $1.23. The coin is expected to hit its lowest price at $1.04. The average trading price of the currency is expected to be $1.08. 

Steem Price Prediction 2028

Our STEEM price prediction for 2028 states that the STEEM price range will hit a maximum base price of $1.81. We expect the digital coin to continue its bullish run from the previous year while keeping a minimum and average price of $1.57 and $1.63, respectively.

Steem Price Prediction 2029

Our STEEM price forecast for 2029 indicates that STEEM will reach a maximum of $2.81. Additionally, a minimum price of $2.31 is likely, and prices may shortly return to an average price of $2.39.

STEEM Price Prediction 2030

Our 2030 Price prediction STEEM, we expect the coin to reach a minimum price of $3.44 with an average price of $3.54 and hit a high of $4.11.

Steem Price Prediction 2031

Our STEEM price prediction 2031 will reach a maximum of $6.09, which might mark a turning point for the cryptocurrency. Shortly, both are expected to pull back to a minimum price of $4.90 and an average price of $5.04.

STEEM Price Prediction 2032

Our STEEM price prediction for 2032: STEEM should reach a maximum of $8.57 in 2032. It will fall to a minimum price of $7.12 and an average price of $7.32.

STEEM Price Prediction 2033

Our STEEM price prediction for 2033: STEEM should reach a maximum of $12.35 in 2033. It will fall to a minimum price of $10.35 and an average price of $10.64.

STEEM Price Predictions by WalletInvestor

WalletInvestor uses technical analysis to forecast cryptocurrencies like STEEM. The platform gives STEEM a past performance index rating of B+ and adds that STEEM would make a bad one-year investment. The expected average price in 2025 will be $0.196. STEEM’s return on investment (ROI) will be -12.54% in 2025. In 2026, the ROI will be -25.84%; in 2027, it will be -46.28%; in 2028, it will be -57.80%. According to the analysis, the STEEM price is bearish over the entire period.

STEEM Price Prediction By DigitalCoinPrice

According to DigitalCoinPrice’s STEEM forecast, STEEM will surpass the $1.0 mark in 2028. By the end of the year, STEEM will attain a maximum value of $0.49. In 2025, the price of STEEM will average at $0.55. By the end of that year, STEEM will reach a minimum price of $0.48 and a maximum level of $0.57.

In 2027, the price of STEEM will average at $0.95. It will reach a minimum price of $0.85 and a maximum level of $1.00. In 2033, its price will range between $4.17 and $4.32, with an average of $4.27.

STEEM Price Prediction By CryptoPredictions

CryptoPredictions STEEM network price prediction states that STEEM will trade at an average price of $0.3070 in December 2024.

In 2025, the STEEM token will hit a minimum price of $0.2660 and a maximum price of $0.4718. In 2026, the STEEM token will hit a minimum price of $0.2733 and a maximum price of $0.4790. In 2027, the STEEM token will hit a minimum price of $0.3203 and a maximum price of $0.5377.

STEEM Price Prediction By Industry Influencers

STEEM’s strong fundamentals cannot be ignored, especially with a team of competent experts backing it. An analysis by ‘Binance,’ the world’s largest crypto exchange by trading volumes, indicates that it will average at $0.2253 in 2024, $0.2484 in 2026, and  $0.3020 in 2030.

STEEM Overview

MARKET CAPALL-TIME LOWCIRCULATING SUPPLYALL-TIME HIGHPOPULARITY
$103 million$0.069191,275,000,000$8.57363

STEEM Price History

Steem’s price history reflects the turbulence of its governance battles and pivotal events. Initially founded by Dan Larimer and Ned Scott, the platform faced a significant shift when Larimer left for EOS, leaving Scott in charge. Justin Sun’s attempted takeover in 2020 triggered a community backlash, leading to a fork into Hive and a subsequent decline in STEEM market cap relative to Hive’s. Despite this, STEEM experienced notable price movements, with its inaugural year closing at $0.1694950 and its peak in 2018 reaching $8.57, indicating significant volatility intertwined with the platform’s governance struggles.

Source: https://coinstats.app/coins/steem/

More about 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 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.

The Steem blockchain uses its inbuilt incentivization mechanism to reach a broader market and create a versatile currency. 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 called Delegated Proof of Stake (DPOS). This system uses witnesses instead of miners to help produce blocks. The witnesses 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. Steem Power fairly pays and compensates for every block these witnesses create.

Where to buy STEEM

Not all crypto exchange platforms and wallets are to be trusted. Choose reliable cryptocurrency exchanges such as Binance and secure wallets like 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 do I earn STEEM?

  • Post content, such as an article.
  • Comment on a post.
  • Earn upvotes for a post or comment.
  • Upvote a post or comment.

Conclusion

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

Blockchain content-based rewards are a game-changer, and it’s only a matter of time before they 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 Steem’s future success.

According to our STEEM price predictions, STEEM is a good investment. Hence, we expect STEEM to go beyond $1 in 2027. Even though we are bullish on STEEM’s long-term prediction, we advise that you do your own research before investing in this token. This is not investment advice.

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

FAQs

How much will STEEM be in 2032?

We expect that the long-term STEEM price forecast for 2032 will soar. STEEM's average price will be $7.32.

Is STEEM coin a good investment?

WalletInvestor's STEEM crypto price prediction says it is a "bad" one year investment.

Will STEEM price rise again?

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

Can STEEM be mined?

Steem cannot be mined since they abandoned the Proof of Work mechanism.

How is Steem different from Bitcoin?

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

Is Steem going to crash?

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

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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