When asset gets older you could argue it is harder to dump it as easy because more people entered the system, it is spread around more. Steem is still relatively young and volatile as fuck, well, not atm, we seem to be pegged at 0.4$. If one or two whales say they had enough and dump everything you would see how fake that 0.4$ price of one Steem is.
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Yep, we are definitely struggling to get through 0.42 resistance...
Every time we touch that "territory" the price goes back to 0.4