Well, STEEM just hit a price low that we haven't seen since April of 2017. What does this mean? In my opinon, it means a few things.
For starters, this means CHEAP STEEM!! Steem hit a low of $0.05. If it gets to that, then time to load up!!!
Secondly, this means the markets are NOT driven by retail investors now. Since we also see the search interest for BTC going down, this is additionally confirmed. This is a manipulated market. Once the retail investors come back in (probably not likely anytime soon), then we will see the alts start doing way better IMO. The big money doesn't want the volatility, so it makes the big names go up.
Anyway, we will still likely see a lot more activity, value, and future for STEEM when we see the retail crypto cycle start again. It basically took three years for this to start in the last cycle from 2013 through the start of the rally in 2016 again.
