Steem PriceSTEEM

There are two schools of thought when it comes to determining the price of a cryptocurrency like Steem.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Steem, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Steem.
By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Steem on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Steem.
Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Steem and the broader cryptocurrency market.

Steem achieved the all-time high of $8.19 in 2018-01-03, and is currently trading at $0.1217.

STEEM reached its all-time low of $0.07199 on 2017-03-11.

The current market cap of Steem is $61.62M, as 506.34M STEEM is trading at the price of $0.1217.

There are currently 506.34M STEEM circulating in the market. These Steem can be actively traded or used in the open market.

The maximum supply of STEEM is ∞ , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Steem is $49.79M. The FDV is calculated taking the assumption that all supply of Steem is circulation, multiplied by its current price of $0.1217.

Using an algorithm to automatically identify historical data trends, this Steem price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Steem offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Steem and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Steem.

You can buy Steem via Gate.io by following the steps on how to buy STEEM once you have funded your account.