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RE: Modeling STEEM - 24May - Reaching For LongTerm Prime

in #steem • 6 years ago

Hey Jon. Steem is looking really strong right now, especially when BTC is tanking so badly.
The divergence from SBD and Steem could be something to do with those in control of supply wanting it back around the dollar. Coinmarketcap has a circulating supply of SBD at 14 million. I'm pretty sure that back in January that was 7 million and Christmas 5 million.
That's some serious dilution.

6 years ago in #steem by
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     6 years ago 

    Thanks, John. Sorry it took so long to respond. This past week has been extremely busy.

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       6 years ago 

      Now that I have a clear minute... that IS some serious dilution. As in WOW. Thanks for the info. I haven't had time to follow it but have just noticed the divergence with steem lately. But we broke through our short term support on my steem model so maybe the divergence is correcting itself...
      Thanks for adding that here.

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