If you are new to Trybe and you already tested Steemit you can believe that the two platforms are the same. In this article, I will try to compare the two monetization models of the two platforms and to predict the TRYBE Token price based on the evolution of STEEM’s price.
STEEM was listed on Coinmarketcap starting 18 Apr 2016. At that time only 250,000,000 existed. The price was around 0,65 USD/STEEM and the total Market Cap was 2,507,835 USD. A total of 250,000,000 tokens will be put aside for early adopters and contributors to the platform but the distribution model (the 50,000,000 tokens distributed to EOS holders and the rest of 200,000,000 tokens offered to grow the users base) I believe will make the TRYBE tokens much cheaper. It is impossible for me to predict a start value of the price for the token now. What about the estimated value of TRYBE token after one year?
This is the price evolution of STEEM in the first year. The first big spike occurred at only 4 months after Steemit.com going live. If TRYBE will have the same evolution and adoption as steemit.com had we can expect this type of price action for the TRYBE token in november or december 2018. This is the only prediction I can make regarding the TRYBE token price at this moment.
Hodling your TRYBE tokens will have 2 advantages vs selling in the first 2 months after launch:
1. You will be able to get a better price for your tokens if you are not interested in hodling long term
2. Your vote will be more valuable and this can help the platform curation system to be fair.
Long term hodling will be the subject of another post.