Steem what is happening

in #steem7 years ago

Steem is under $.36 what is going in? Is Steem dying are whales just selling off? How can this be when there are many new dapps popping up in the Steem Blockchain. Shouldn’t the price be going up rather than down? Making my head hurt let’s get this coin stabilized.

Steem (STEEM)

Steem (STEEM) is a cryptocurrency or a form of digital asset. Steem (STEEM) price for today is $0.365011 with a 24-hour trading volume of $1,510,909. Price is down -8.4% in the last 24 hours. It has a circulating supply of 307 Million coins and a max supply of ? coins. The most active exchange that is trading Steem is Upbit. Explore the address and transactions of Steem on block explorers such as steemd.com, steemdb.com, and steemblockexplorer.com.

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With bitcoin dominance at 54.5% there isn't going to be a lot of altcoin love going around. And not all alt coins (steem included) have confirmed they are out of the bear market woods yet. Steem has been sluggish on the upside and and easily turns down for the least of reasons and will continue to do that as long as sellers out number buyers.

And we need more dApps that create demand for Steem and not just redistribution of Rewards pool.

Do not worry about the volatility, this is part of the crypto game!

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Prices are irrational these days.

Take it as opportunity to buy in.

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