Steemit Crypto Academy Contest / S8W5 - "Let's Think About Steemit's Future"

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This is an interesting contest and I hope that many steemit users can participate, because in addition to adding creativity we can also learn about how the steemit blockchain works through this very good contest theme, here is my entry.

What is Steemit And How Does It Work

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Steemit is a social media platform that stands on the STEEM blockchain and is decentralized and steemit can produce steem, SBD and TRX coins that we can trade on the crypto market, our task at steemit is to write interesting and quality articles without plagiarism, at steemit we can too interact freely between other users such as Facebook and Instagram.

According to my understanding of how Steemit works, namely the blockchain network where to create steem coins. With the naked eye we can see steemit's performance when printing steem coins through the votes given in a post, then the steem coins will be printed perfectly for seven days from the first day the post was uploaded.

What Is STEEM Coin And How Does Steemit Make It's Money

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STEEM coins are coins that are generated from the steemit platform through each of our posts that have been rewarded or upvoted. The way to make money from steemit is very easy, namely by selling these coins in markets that provide buying and selling STEEM such as in the UPBIT and BINANCE Markets.

What Is The Current Price Of STEEM At Coinmarket. Explain Your Understanding Of what You know About This Current Price And The Situation Surrounding It.

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The price per one STEEM coin at the time this post was written was $0.216746 or 3,244.35 in IDR/Rp. Usually I check the steem prices on the CoinGecko website. Currently STEEM is at an unstable price and certainly not at its lowest price.

This drastic price reduction is the effect of the collapse of the crypto market price in the last year, this does not only apply to STEEM coins, we can see that many other crypto giants such as Bitcoin and Ethereum are also experiencing the same problem. In my opinion STEEM price will increase again with time.

This price reduction can also occur because there is a lot of STEEM circulating in the Market so that demand seems to be decreasing, so we are advised to continue to maintain club status, at least at club5050 to maintain STEEM conditions so that it doesn't circulate too much in the Market.

Is Steem Coin Good For investment? As A Crypto Analyst, What Can Be Done For STEEM Coin To Reach A Maximum Supply And Become Top 100 Crypto Currencies In The World.

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Of course I do, coins are one of the best coins for us to invest in the crypto world. The reason is very simple, we buy steem not like buying a worthless stone and we can only keep it at home to expect it will soar one day.

By buying STEEM in the market we can store it in our personal steemit account wallet and turn it into STEEM POWER, by having a large amount of STEEM POWER we can use it to give voice to every quality post we read on the steemit blog.

From voting, we will get a seat prize when the post is 7 days old or when the prize can be claimed. That way our STEEM POWER will always increase as time goes by without us having to work too hard.

It will be very beneficial for us if we buy STEEM coins on the Crypto Market. In my opinion, to make STEEM ranked in the top 100 cryptocurrencies in the world is by promoting steem on various social media platforms and in the real world so that more people know about steem and steemit.

With the increasing trend of STEEM coins, the demand for STEEM in the market will increase which will make the price of STEEM soar high which will make it able to climb to a better rank until it penetrates the top 100 or even the top 10 in the world's top crypto currency.

How Can We Do To Solidify STEEM Offering In Terms Of Technology And Operating System Order To Attract More Investors

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I think the main way to attract investors to buy STEEM is to make steem and steemit better known to the world. STEEM developers can make good cooperation with various other platforms to continue promoting STEEM.

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With good cooperation with many platforms on social media, I think STEEM will develop faster and be increasingly recognized by many people. When people are starting to believe in the performance and benefits that can be obtained from STEEMIT, investors will be increasingly interested in investing with STEEM coins.

This is my entry for this week's SEC contest, I also want to invite @ismuhadiadi, @sailawana, @f2i5, @fantvwiki, @waterjoe, @abialfatih and also buk @dederanggayoni to participate together in this contest.