After the announcement of Smart Media Tokens (smt), the price of Steem shot up 60%, but since then it has fallen steadily. It is on its way toward the $1 resistance level we saw last month. Will it hold? Climb from here? Or keep going lower?!?
Let me know your thoughts.
Yep it was amazing pump ;) I think it will be around $1.5 soon :)
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I don't know, but I'm buying more. Did the price spike on relatively low trading volumes? I guess that would be my assumption. I need to find a good chart about that.
Steem has grown tremendously compared to BTC. This tells me that people see value in this platform. And it will continue to grow. It will hold and it will climb. The only real threat is the possibility of a new and better platform release, that would attract more people and overtake Steemit's market share.
As always keep an eye out on the industry and stick with the winners. Currently that is steem, and it's up to us to make it grow and see it crossing the finish line first.
Those were my thoughts on this. I would appreciate if you take a look on my recent blog post about the history of BTC price. Why is this important? If BTC goes down drastically, it takes the rest of the industry down for some time.
Have a good one :)
Honestly, Steem is OnSale right now. I'm buying more. I see clear future here. Not too far long.