Future of blockchain-based blogging and content creation and Steem price prediction for 2024 - 2025

Content creation has a rich history, and blockchain is one of the newest technologies. How can they be connected?

Some specialists believe that blockchain is the future of content creation. For now, content creators have no control over their content. The top-level platforms used to post content take a good share of all benefits generated by it. Copyright issues are another problem any content creator faces.

Blockchain can efficiently solve these issues and provide content creators with a reliable environment where they can post whatever they create, control, and benefit from it.

The best thing is that content creators will be able to directly connect to their users instead of communicating with them via third-party platforms such as Facebook, Twitter, Instagram, and other social media.

How can it happen and are there mechanisms that can empower the new experience of content creation? Some mechanisms are already available, and we can benefit from them.

Voting and Rewarding Content Creators Based on the Number of Votes

Blogging and publishing practically anything for a specific community can have its value in cryptocurrency. Users vote for the article or other content that they believe is valuable, and the content creator is rewarded in crypto. The more votes are there the higher the rewards.

NFTs for the Protection of Copyright

One of the main NFT use cases is actually copyright protection. Content creators will be given a unique ID that will protect the content from being stolen and misused.

Top Blockchain Projects That Content Creators Use

Some projects already implemented blockchain for the use of content creators. The top of them is the following.

Pixsy

Pixsy is a platform for artists, photographers, and designers. Their content located on the blockchain is theft-immune. Creators can see when their products are used and address the issue of copyright infringement effectively if it happens.

Theta

Theta is a platform that enables decentralized video streaming. Videos uploaded to the ecosystem are available on any device and through any application. No third parties are involved.

Steemit

Steemit is a blockchain-based social media and blogging website. Users can post there their articles and get rewards from the community members. The idea of the project is to make all the users the project’s shareholders and give them full control over the information posted on the website.

The reward process on the platform is very systematic and unique. All rewards are distributed among content creators, users who participate in discussions, and those who vote on specific content.

New coins that are created when a new block is added to the blockchain are also distributed among the Steemit users.

Even though the project is community-based and absolutely innovative, it doesn’t look like it is a good short-term investment because its price doesn’t grow rapidly. But it can also happen because we are still not used to such projects. In the future, Steemit can beat all the records in value growth, and thus, it can be regarded as a wise long-term investment. So, let’s have a look at the Steem price prediction to check how the coin value is going to move and whether it is worth buying Steem right now.

Steem Technical Analysis

The Steem price movements reflect the situation in the cryptocurrency market: the sentiment is bearish. The Fear & Greed index is in the red which means that the users are selling the coin.

Source: TradingView

The price volatility of the coin is slightly over 7% over the last 30 days, and the coin is now below its 50-day and 100-day Moving Averages.

Price Prediction for 2024

2024 is promising for Steem. The maximum token price is expected to be 0.72 USD, and the average trading price will be approx. 0.42 USD.

PricePrediction.net also promised some increase in the Steem value. But based on their forecast, the growth won’t be so drastic, with the max. coin value at 0.32 USD, and the average trading price of 0.28 USD.

Steem Price Prediction for 2025

2025 is promising to be a turning point for Steem when the coin finally reaches the mark of 1 USD. The minimum Steem price is forecasted to be 0.82 USD, with an average trading price of 0.83 USD.

Again, the forecast from PricePrediction.net is not so promising. Based on them, the top price of Steem in 2025 isn’t going to be higher than 0.52USD, and the average trading price is expected to be 0.56USD only.

Conclusion

Can Steem become the project that will drive the future of blockchain-based content? We would say it already is. Steem is the first project that implemented the idea of Web3 and blockchain-based content but it looks like for now, we aren’t ready for it.

In the future though, with the mass adoption of Web 3 and blockchain, Steam has the potential to become a leader among similar services. Thus, in the long term, investing in Steam may pay off multiple times.

FAQ

Will STEEM go up?

It is believed that Steem has implemented all the ideas of Web 3 and blockchain-based content. Once we are ready for it, the project’s and token’s value will surge.

Is Steem a good investment?

In a short time, it may not be the best idea to invest in Steam because for now, the project is popular among its community only. But in the future, this project may lay the foundation for a new way of creating and publishing content and its price will surge.

Stay tuned for further updates, crypto guides, and market insights from LetsExchange. You can also follow us on Twitter, Facebook, Reddit, Instagram, LinkedIn, Medium, Quora, Telegram, Steemit, and Bitcointalk for first-hand information from our team.