It should be no surprise to anyone that the current price of Steem is being driven by the Asian Market. We are seeing High 24 hour trade volumes coming out of
Binance: #STEEM / #BTC - $217,307 @ 30% market volume
Upbit: #STEEM / #KRW - $163,396 @ 22.59% market volume
Market sentiment towards the currency has yet to be determined but it seems that #Steem price might continue to fall over the next 24 hours.
I'm thinking it might settle in around $0.76 but is likely to recover as Traders will see this as a discounted price. Let's be real here, Steem is successful and this #blockchain is awesome. We have something that really works that really has value here. This isn't some run of the mill #shitcoin party.
For full disclosure, I am powering down my account slightly to move some money into another #socialmining project. #MITH
With that being said I do have to make it clear that I am not a financial expert nor a trained analyst and I am basing this on my own opinions reached via my own personal research. I recommend that you do your own research when making any investments and this post is not financial advice.
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