Is Steem Coin a Scam or Not? Detailed Analysis & Review in 2022.

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In this article, we are going to do our analysis and review of Steem Coin. This is what will be covered in this article:

  • What’s a Steem Coin?
  • What Makes Steem Coin So Special?
  • Founders, Team, and Roadmap of Steem Coin
  • Steem Coin Price Forecast and Growth Potential for 2022 and Beyond
  • Tokenomics: Steem Coin
  • Steem Coin—Final Conclusion.

Today, in this article we are going to review Steem Coin. This analysis and review of Steem Coin is completely based on the fundamentals as mentioned above. Make sure to share and read the whole article to understand our analysis of Steem Coin.

There are more than 17,000 cryptocurrencies in the market today. It’s very difficult for newcomers to crypto to decide which crypto to invest in and which to avoid. That’s why we are going to review Steem Coin today.

Fundamentals is Indeed the Most important Thing for a project, Everything else comes after that. Whether it be technical analysis or price predictions. We have done quite a few reviews of other crypto as well, check it out here.

So, let’s begin


What’s Steem Coin all about?

Steem is a blockchain that is centered on the community and that offers users the opportunity to earn money immediately. According to the protocol, customers will be able to earn money based on the value of their contributions to the network. The protocol is a publicly available, compensated blockchain database that enables users to communicate with one another while also earning money from their interactions. Its goal is to provide users with a platform where they may curate online content while being reimbursed in cryptocurrency.


Overview of the Steem Coin platform’s features

Steemit, the first program built on the Steem blockchain, According to the protocol, it aims to provide added value to its user base in the following ways:

To provide news and analysis that has been carefully chosen.

Developing a method of earning money.

As a resource for people who are looking for answers to their inquiries.

Giving users access to a stable cryptocurrency that is pegged to the US dollar.


Ratings

  • Concept – Below Average
  • Fundamentals – Average
  • Scam Index – low

Summary

Steem Coin is an average Crypto Based upon Concept of social blockchain. Based on our research and analysis, Steem Coin have Real World USecases but the crypto market has evolved and the concept of social blockchain is no more trending. The fundamentals of Steem Coin Looks Average, There are better Similar cryptocurrencies Available with Better Fundamentals.


Founders, Team, and Roadmap of Steem Coin

During the month of January, Ned Scott and Dan Larimer, a blockchain developer, published Steemit, the first application to be built on the Steem blockchain. The program acts in a similar way to other social networking applications, with the distinction that it is built on blockchain technology, which makes it decentralized and non-custodial, as opposed to other social networking apps.


Steem Coin Price Forecast and Growth Potential for 2022 and Beyond

Steem Coin Team is actively Building the Platform and There are future Upgrades and developments coming up in 2022 and 2023 While the Historical Price data has been In downtrend for quite long time now and thats why we do not see Steem Coin Breaking the Downtrend Near soon leading us to this conclusion that we Dont Recommend Investing in Steem Coin in 2022 Due to Several Factors including Fundamentals and Historical Price Movements of Steem Coin. Below look at thee Steem Coin Price chart For More detailed Understanding :


Ratings

  • Team – Average
  • Roadmap – Average
  • Future Price Potential – Low

Summary

Steem Coin has Low Potential for Price to Reach New All Time Highs due to Many Factors, Steem Coin Lacks Great Fundamentals, Team and Roadmap as well, The future does not look Really Great for Steem Coin. The price potential For Steem Coin is low which makes it not worthy to invest in 2022 for long term. Historical Price data shows that Steem Coin Price has been In Downtrend.


Tokenomics

Steem Coin is currently trading at about $0.338674 and is up around 1.28% in the last 24hrs with a volume of around 59,96,742 $ Steem Coin has a market cap of approax $13,37,59,955 

The total number of Steem Coin coins in circulation is 39,49,51,699. The total number of coins in circulation is unavailable.


Overall Ratings

  • Concept – Below Average
  • Fundamentals – Average
  • Team – Average
  • Scam Index – low

Conclusion

Based on our analysis, we do not expect Steem Coin to perform well in the upcoming months and years due to several factors discussed above. The future price potential for Steem Coin is low, leading us to the conclusion that it is not worth taking the risk of investing in Steem Coin for the long term. There are better cryptocurrencies available which have the potential to grow exponentially in the upcoming months and years. So, better avoid investing in Steem Coin.


FAQs

Is Steem Coin a scam or not?

Through This Article, We do not Conclude that Steem Coin is a Scam Cryptocurrency, This Article Is Meant to Provide Readers Our Research and Analysis of Steem Coin. as Always DYOR.


Where to Buy Steem Coin ?

Currently, the best exchanges to buy Steem Coin are Binance, CoinTiger, Bybit, DigiFinex, and Crypto.com Exchange. Steem Coin is available on many well known crypto exchanges.


Is Steem Coin a Good Investment for 2022?

Based on our analysis, Steem Coin Does not Look Like It Will Perform Very Well in 2022. Hence, We do Not recommend Investing in Steem Coin in 2022 for Long term.


Price Prediction for Steem Coin in 2022?

Based on fundamentals, the Steem Coin price Might hit 0.5$ in 2022. while its better to note that the likelyness of Steem Coin Hitting 0.5$ is low.


Price Prediction for Steem Coin in 2023?

According to fundamentals, the Steem Coin token Might reach 0.912$ in 2023. while its better to note that the likelyhood of Steem Coin Hitting 0.912$ is low.


Price Prediction for Steem Coin in 2024?

Steem Coin Might reach $1 in 2024, according to fundamental analysis. while its better to note that the likelyhood of Steem Coin Hitting 1$ is low.


Price Prediction for Steem Coin in 2025?

Steem Coin Might reach 1.2$ in 2025, according to fundamental analysis. while its better to note that the likelyhood of Steem Coin Hitting 1.2$ is low.


Disclaimer

This material is primarily for the aim of educating the reader. It does not constitute a formal offer to buy or sell anything, nor does it constitute a recommendation or endorsement of any specific products, services, or enterprises. Cryptonks.com does not provide any financial, legal, or accounting advice to its visitors. Neither the firm nor the author shall be liable for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in this post, whether directly or indirectly, whether in contract or tort (including negligence). Viewers should perform their own research before making any type of investment in a cryptocurrency.