When steem price going upward?
In my opinion, there are several possible times when STEEM prices will rise.
1. End of Year 2018 - Beginning of 2019
Surely we don't forget the increase that occurred during the end of 2017, and even reached the price of $ 20 Per Steem (at that time I could only say WOW, but I wasn't on the STEEM network hmm ...).
Well, the philosophy from the end of the year to the beginning of the year is:
Many people will sell their STEEM for various purposes (such as: Christmas, New Year, Holidays, etc.). So, naturally the price will decrease dramatically. This is where the institutional level investor will enter and buy whatever you sell to then hold it until the market retailers enter and want to buy, but the stock decreases. With only a small increase in demand, and available supply, prices will of course rise. This is what might happen at the beginning of 2019.
2. At the time of SMT it was successfully released and stable
To find out references to SMT, please visit the following links first:
https://steemit.com/steem/@steemitblog/smts-release-dates
SMT will create an independent economy for dApps on the STEEM network. Many dApps projects have been created, including stealing, dlike, steemhunt, musing, utopian, and many others. Most likely, when the SMT was successfully released, and the independent internal economy owned by dApps will be even greater.
The effect is, of course, investors will enter, and STEEM's total market capitalization will rise dramatically.
With 2 news mixes above that occur from the end of 2018 to the first quarter of 2019, I am 90% sure that STEEM prices will rise more than 100% in a short time. Moreover, STEEM has experienced a sharp decline, and even below $ 1 which is the standard price.
I admire your job :-)