Today in news crypto "let's talk about STEEM"
How many times do we talk about the price of STEEM? I think it is important to do a short analysis of the STEEM price history.
As many know, the origin of Steem is linked to BTC, which is why I want to start by talking about how rarely we realize the relationship between the prices of these two cryptocurrencies.
Clearly, steem as a currency is younger than BTC, but since its birth in 2016 few have been able to realize how the price of BTC seems to have a relationship with the high peaks of the price of Steem as well as the floor of its descent.
In the graphs that the page https://coinmarketcap.com/es/ shows us, we can see some curious coincidences, I must clarify that there is no coincidence in the percentage of price rise or fall, but it is possible to see that in a few weeks of the BTC growth peak, Steem also grows even when the decreases coincide, I repeat, they do not coincide in the percentages of the price variation, but they do coincide in the price fluctuation cycles.
I have decided this year to monitor the BTC price and compare it during the seven to fourteen days after the growth or fall, I hope in this way to get a reference with the STEEM price variation.
I know that with the previous graphs you can tell me that the year 2022 does not see a peak rise, for this I wanted to separate the year 2022 and we can analyze it individually and in the middle of that year at a peak month of the BTC rise on Steem also uploaded.
Nice deductions you've made here, with graphs to go with. Very informative post!
Thank you for read me