Steem just hit $9!

in #steem7 years ago

I never thought I'd see the day!

Anyone know what is fueling this run?

I see a lot of altcoins are going up right now, but steem seems to be leading most of them.

Any idea what the driver of the price action is?

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I think it'd a delayed reaction of the cryptoboom of November/December, and tbh it's always what I expected. People are still trying to find ways to invest in the market, and what better than a cryptocurrency that's actually got a very high practical value at the moment.

It does have some real utility for people, that is for sure. A lot more utility than a lot of coins out there.

Precisely, it has practical value now, so slightly less speculative, meaning, it's worth speculating heavily on it at the moment! It's much more than a lot of other currencies out there. Most transactions per day for cryptocurrency is Steem, says it all.

I like that first sentence, catchy!

According to me after the boost in Bitcoin, Bitcoin becomes the trending news, before that most of the people not familiar with cryptocurrencies, so due to this trend so many people started investing in cryptocurrencies. This is my opinion because 4 months back i was unaware of cryptocurrencies, i got familiar with this after the trending news of Bitcoin. Thanks for sharing.

Have a great day and stay blessed.

Could be. Seems to be a major altcoin bull market right now.

Trend up to the mond

Is the mond like the moon?

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