There are no upcoming predictions for STEEM due to missing data that's needed for generating predictions.
To predict prices, we're using a machine learning model known as long short-term memory (LSTM). We've trained the model with information from our API's Aggregated OHLCV Candles endpoints, which provides daily prices for thousands of cryptocurrencies. Predictions are only generated in USD.
The current 30-day mean error rate for Steem is 10.89%.All prediction data is provided for entertainment purposes only and should be taken at your own risk. Learn more
Over the last 7 days, the price of Steem has changed by an unknown amount. .
Today's trading volume is the same as yesterday.
Please keep in mind that these price predictions should not be taken as trading or investment advice. Investments and trading in cryptoassets involve substantial risk of loss and is not suitable for every investor.
Nomics tracks market volume for each asset across a number of exchanges, with data from unknown exchanges being used to generate our current STEEM price. We then apply calculations explained above to help with the predictions used on this page.
The Steem price today is $0.277435
The highest recorded Steem price was $8.0523 on 1/3/2018.
Steem is a cryptocurrency token that fuels a blockchain-based decentralized social platform Steemit that helps people monetize the content they create. In addition, there also exist such units as Steem Dollars (SD, a stablecoin) and Steem Power (SP, a utility token) that serve as a means of payment on the platform Steemit for creating and curating new content. In order to earn cryptocurrency, users of the Steem-based social network create engaging content. Their readers upvote the articles that they like. The more a single piece of content is upvoted, the higher is the author’s reward. After a certain period of time, authors convert Steem into Steem dollars and simply withdraw them to their linked fiat accounts. The decentralized nature of the Steem platform helps authors to protect their copyright and make real money by simply posting their articles on the web. Such a model has become really popular and for several years in a row Steem continues holding top ranks at Blockctivity. info as one of the most active blockchains. Similar to Bitcoin, Steem is available for trading with the fluctuating value on different exchanges. The core difference lies in the consensus algorithm. Steem is based on the Delegated-Proof-of-Stake (DPoS) which was developed as an alternative means of securing the blockchain network and verifying transactions on it. DPoS is a technological way of implementing democratic principles based on the voting and election process. Is serves to protect the network from getting centralized and being used for malicious purposes. Active users vote for their delegates as they place the tokens they possess on the name of their candidate without losing the ownership rights. Those candidates who get more votes gain the right to produce new blocks and govern the network activities by verifying transactions. Such a system allows the Steem blockchain to verify transactions in a much faster way than the PoW (Proof-of-Work) solutions such as Bitcoin and Ethereum. Also, it makes it scalable and energy-efficient. Unlike Bitcoin, Steem is an inflationary asset with the inflation rate decreasing in time. It was initially launched with a relatively high inflationary supply model, but due to community demand, it was set to be only 9.5% decreasing by 0.01% every 250,000 blocks or approximately by 0.5% per year. The inflation is expected to decrease at the same pace until it reaches 0.95% which is expected to happen by the year 2036. 75% of the newly generated tokens go to the reward pool which is then split among authors and curators. 15% of Steem tokens are granted to holders of Steem Power and the remaining 10% are paid to the witnesses who power the blockchain. The Steem blockchain was invented, developed and released by Ned Scott, Steemit’s Executive Chairman, together with Dan Larrimer who has a few other successful blockchain projects behind his shoulders (Bitshares, EOS). The two co-founders met in January 2016 and released the Steem blockchain 2 months later. In September 2018, Steemit experienced a 9-hour downtime. The cause of the outage has never been identified and no funds have been lost. 2 months later, Steemit reportedly laid off 70% of its staff due to the bear market and the overall sad condition of the industry.Learn More →
Predicting the price of cryptoassets so far into the future is an almost impossible task. This applies to Steem and any other cryptocurrency we have predictions for.
While many people are curious about our data here, right now we don't have any predictions for 2025, though we are considering updating our predictions algorithm to make forecasts that are further out. We would love your feedback, so if such a prediction is something you would like—even just for entertainment purposes—please let us know via Twitter or email.
For now we are sticking to short-term predictions in order to increase the accuracy of where we see an asset price heading.
The further out a date, the more likely it is that our prediction is inaccurate. While it would be fun to look at price predictions for 2030 or even 2050, we think that would be taking things a little bit too far.