Key takeaways
- STEEM price prediction anticipates a high of $0.2602 by the end of 2024.
- In 2027, it will range between $0.7258 and $0.8693, with an average price of $0.7461.
- In 2030, it will range between $2.20 and $2.69, with an average price of $2.27.
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. But how about STEEM’s performance? How high will it go?
Is STEEM a good investment? Let’s take a look at these questions in our Cryptopolitan price predictions from 2024 to 2030.
Overview
| Cryptocurrency | Steem |
| Token | STEEM |
| Price | $0.1974 |
| Market Cap | $93,196,028 |
| Trading Volume | $15,063,834 |
| Circulating Supply | 467,464,709 STEEM |
| All-time High | $8.19 Jan 03, 2018 |
| All-time Low | $0.07199 Mar 11, 2017 |
| 24-hour High | $0.203 |
| 24-hour Low | $0.1852 |
Steem price prediction: Technical analysis
| Metric | Value |
| Volatility | 5.64% |
| 50-Day SMA | 0.20514 |
| 200-Day SMA | 0.256717 |
| Sentiment | Bearish |
| Fear & Greed | 68 (Greed) |
| Green Days | 13/30 (43%) |
STEEM technical analysis: Bearish swing intensifies loss below $0.1974
TL;DR Breakdown
- Steem price analysis confirms a downswing.
- Coin value has depreciated to $0.1974.
- Strong support is available at $0.1556 end.
The bears are reigning the market as per the daily price prediction for 26 July, 2024. Red candlesticks have been dominating the market since the past week. In the past 24-hours, a further aggravation in the bearish swing has been observed. The coin value has depreciated to $0.1974 low as a result of the bearish trial during the day.
STEEM price analysis on a daily timeframe: Bearish crash results in devaluation below $0.1974
A strong downswing has been observed since the past week, as the coin value experienced sufficient loss. Over the past 24-hours, the bearish swing gained further intensity as the selling activity is on the rising end. The coin value has deteriorated to $0.1974 low as a consequence of the receding price movement today. If we discuss the moving average (MA) indicator, then it shows decline in its value. It is currently situated at $0.1952 because of the constant bearish wave during this week.
The volatility has experienced a subtle decline which signals stagnation in the ongoing market trends. Whereas, the upper extreme of the Bollinger bands indicator has moved to $0.2133 high during the day. Moreover, the lower extreme of the Bollinger bands indicator has shifted to $0.1556 low, suggesting stable support. The Relative Strength Index (RSI) indicator confirms the ongoing bearish trend. Its value has been reduced to index 52.38 considering the recent upset.
STEEM price analysis on the 4-hour chart: Coin value returns to $0.1974 as bulls takeover
The hourly price analysis for Steem predicts a highly bullish scenario for now. The cryptocurrency has experienced a noticeable recovery since the past few hours of the day. STEEM/USD has sought bullish recovery above $0.1974 high amidst the ongoing uptrend. If we talk about the Moving Average (MA) indicator, then it dictates a descending slope on the four-hour price chart. The indicator’s value has stepped down to $0.2005 low as a result of the persistent decline in the past few days.
The volatility has undergone a subtle rise which means that the market trends will remain unchanged in the coming hours. The upper end of the Bolinger bands indicator has stepped down to $0.2152 as a consequence of the shifting volatility. Whereas, the lower end of the Bollinger bands indicator has moved to $0.1905 low, thereby marking support for the cryptocurrency. The Relative Strength Index (RSI) indicator confirms the recent changes in the price movements. The indicator’s value has improved up to 48.84 which is a neutral figure for now.
STEEM technical indicators: Levels and action
Daily simple moving average
| Period | Value ($) | Action |
| SMA 3 | 0.199364 | BUY |
| SMA 5 | 0.200466 | SELL |
| SMA 10 | 0.19924 | BUY |
| SMA 21 | 0.19338 | BUY |
| SMA 50 | 0.20514 | SELL |
| SMA 100 | 0.242097 | SELL |
| SMA 200 | 0.256717 | SELL |
Daily exponential moving average
| Period | Value | Action |
| EMA 3 | 0.193835 | BUY |
| EMA 5 | 0.193721 | BUY |
| EMA 10 | 0.196318 | BUY |
| EMA 21 | 0.208232 | SELL |
| EMA 50 | 0.233974 | SELL |
| EMA 100 | 0.251672 | SELL |
| EMA 200 | 0.253446 | SELL |
What to expect from STEEM price analysis
The recent Steem price analysis confirms the ongoing bearish trend for the day. The coin value has sunk to $0.1974 as a result of the decreasing price movement. On the opposite side, the four-hour price analysis remained favorable towards the cryptocurrency buyers, as an upturn was recorded in the last four hours.
Is STEEM a good investment?
Steem’s relevance in the upcoming decades seems realistic given the ongoing rise of bitcoin and blockchain technology. Predicting the exact value of Steem in the future is challenging, but some experts think it might rise to be a very valuable asset in 2030, with an average worth of roughly $2.27. Because of Steem’s long-term value and development potential, many people think investing in it is worthwhile. But investing in Steem has its hazards. So, it’s important to do extensive research and stick to your comfort zone when investing.
Why is STEEM down?
The STEEM/USD crypto pair price has devalued today as the selling is still engulfing the market. Overall, since the token’s price touched the upper limit of the volatility indicator, its been on a down slide.
Will STEEM recover?
STEEM is currently bearish and continues to drop lower. However, the RSI score is stable and the indicator is exactly near the center of the neutral zone, which means it has room for further growth.
Will STEEM reach $0.5?
Yes, STEEM should rise above $0.5 in 2026 and reach a maximum price of $0.6024during that period.
Will STEEM reach $1?
Per Cryptopolitan price prediction, STEEM has chances of reaching $1 in the next four years. It is expected that the token will reach $1.27 by the end of 2028.
Will STEEM reach $5?
According to the Crypopolitan price prediction, it remains highly unlikely that STEEM will get to $5 till 2030.
Does STEEM have a good long-term future?
Steem’s long-term price prognosis is quite optimistic, indicating huge value appreciation in the future, based on analysis. As a result, Steem is now seen as a viable investment with room to expand over the next ten years.
Recent news/opinions on STEEM
- STEEM’s X handle has been silent since March 8, 2020. However, the first ever decentralized app built on the STEEM network called Steemit keeps sharing webinars and their contest updates.
STEEM price prediction July 2024
Our Steem price prediction for July 2024 is that STEEM is expected to attain a maximum price value of $0.2133 by the end of the year. The STEEM network coin forecast suggests the average price to be $0.1907, while the minimum forecast price is $0.1842.
| Siacoin price prediction July 2024 | Minimum price | Average price | Maximum price |
| Siacoin price prediction July 2024 | $0.1842 | $0.1907 | $0.2133 |
STEEM price prediction 2024
Steem price prediction for 2024 is that STEEM is expected to attain a maximum price value of $0.2602 by the end of the year. The STEEM network coin forecast suggests the average price to be $0.2433, while the minimum forecast price is $0.2355.
| Siacoin price prediction 2024 | Minimum price | Average price | Maximum price |
| Siacoin price prediction 2024 | $0.2355 | $0.2433 | $0.2602 |
STEEM price predictions 2025 to 2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $0.3379 | $0.3501 | $0.4019 |
| 2026 | $0.4911 | $0.5086 | $0.6024 |
| 2027 | $0.7258 | $0.7461 | $0.8693 |
| 2028 | $1.06 | $1.09 | $1.27 |
| 2029 | $1.52 | $1.58 | $1.84 |
| 2030 | $2.20 | $2.27 | $2.69 |
STEEM price prediction 2025
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 $0.4019. Although the price is seen to rise from the previous year, the coin will have to experience a minimum price of $0.3379 and an average trading price of $0.3501.
STEEM price prediction 2026
STEEM price forecast for 2026 indicates that STEEM could experience a bull run, possibly rising to a maximum price of $0.6024. The currency must reach a minimum price of $0.4911 and an average trading price of $0.5086, even though the price is expected to increase from the previous year.
STEEM price prediction 2027
STEEM price prediction for 2027 is a maximum price of $0.8693. The coin is expected to hit its lowest price at $0.7258. The average trading price of the currency is expected to be $0.7461.
Steem price prediction 2028
STEEM price prediction for 2028 states that the STEEM price range will hit a maximum base price of $1.27. We expect the digital coin to continue its bullish run from the previous year while keeping a minimum and average price of $1.06 and $1.09, respectively.
Steem price prediction 2029
STEEM price forecast for 2029 indicates that STEEM will reach a maximum of $1.84. Additionally, a minimum price of $1.52 is likely, and prices may shortly return to an average price of $1.58.
STEEM price prediction 2030
2030 Price prediction STEEM, we expect the coin to reach a minimum price of $2.20 with an average price of $2.27 and hit a high of $2.69.
STEEM market price prediction: Analysts’ BSV price forecast
| Firm Name | 2024 | 2025 |
| DigitalCoinPrice | $0.43 | $0.50 |
| Wallet Investor | $0.153 | $0.131 |
Cryptopolitan’s STEEM price prediction
Our forecast shows that STEEM will achieve a high price of $0.2602 near the end of 2024. In 2025, the STEEM price will range between $0.3379 and $0.4019. In 2030, the cryptocurrency will range between $2.20 and $2.69, with an average price of $2.27. It is important to consider that the predictions can change at any time and are not investment advice. Professional consultation is suggested, or you can carry out your own research.
STEEM historic price sentiment
- STEEM experienced notable price movements, with its inaugural year closing at $0.1657 and its peak in 2018 reaching $8.57, indicating significant volatility intertwined with the platform’s governance struggles.
- Steem’s price history reflects the turbulence of its governance battles and pivotal events.
- In April 2018, the token plunged to $1.44, followed by another spike to $4.08 by the end of the month.
- The token plunged below its opening price in October 2018 and sank to $0.217 in December.
- In 2019, STEEM traded low, only momentarily spiking to $0.488 in March but came down $0.133 by December.
- 2020 was also a difficult year for STEM. 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.
- In 2021, STEEM finally rose above its offering price once again and touched $1.26 on February 4.
- 2021 was the last time when STEEM traded above its offering price and has been trading below it since then.
- 2022 and 2023 were almost the same, and no notable changes were observed in STEEM’s price action, with the price sinking to $0.150 in December 2023.
- 2024 also shows the same price trends as the token trades between a range of $0.357 and $0.191.
- At the time of writing on July 20, 2024, STEEM is trading near the $0.197 range.
