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RE: STEEM - Will we break the resistance line

in #steem7 years ago (edited)

Wouldn't be surprised to see the market react positively and the valuation see a sustainable boost IF the current stake held by Steemit Inc was reduced. Some users have suggested that they burn some of their Steem Power holdings. At the time that the 2017 Roadmap was published over a year ago, their position amounted to about 41% of the total supply. As long as this persists, I think it will setback further adoption and any meaningful/prolonged gains in the steem price.