Predictions of STEEM $10 to happen ?

Steem (STEEM) looked like a recess coin, related mostly to the use of a single social media site. But in the past week, STEEM burst to all-time highs, and has taken the spot of yet another speculative digital asset.

STEEM retreated a little from the peaks above $5.85. At the same time, a curious phenomenon is happening to Steem Dollars. The digital asset that was supposed to be tied to the US dollar by mathamatican -based
interventions, has risen toward $10.

STEEM and SBD are instrumental to the ecosystem of the Steemit social media platform. Users gain Steem by posting, and can either exchange it for Steem dollars and move to fiat, or buy STEEM shares, which cannot be converted back to Steem. But now, Steem dollars have risen way above their intended spike to the US dollar, confusing the users of the platform, as well as investors.

At one point, Steem Dollars reached a peak around $12, while STEEM remained depressed, with a recent low around $0.80 before the sudden recovery.

The new rise in Steem may create demand in the community's willingness to hold the coins, or invest long-term. Some believe the current price spike would be short-lived, and hurt those buyers who enter near the all-time high.

Some, however, believe a price of $10 is doable in the short term, while the Steem coin remains an asset to put some funds into for 2018.

Some are comparing STEEM to Facebook, and while its tokens are not shares, but a tool within the social media, there are expectations the Steemit project may be worth more if it became more popular.

But at the moment, STEEM remains very tense, only touching briefly a peak at $6.45, to sink back again to lower levels