@oopgamesandhobby All the cryptocurrencies are on the rise, not just Steem. Hopefully, this trend will persist in the long run.
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@oopgamesandhobby All the cryptocurrencies are on the rise, not just Steem. Hopefully, this trend will persist in the long run.
Not like steem is doing right now, most crypto were flat today, 2-3% up or down, steem was around 68% up at one point.
on almost 50mil volume, last i looked. about 20 times the daily average of the last week
Could be one of those feedback loops that fiat pairs get into when a lot of money starts moving around and some of it aims for the exits, resulting in certain coins looking hot when really it's just money getting ready for a quick pump and drain.
Could be, that's a very wall street like move. And that's going to happen in the market or anyplace money is involved. Make a quick run and dump when you know so many people are near the trigger point. Then they buy a bit higher because they think they missed the bottom. Does not make it a fact yet, but it is a likely scenario.