Steem rises back to the top 10 cryptocurrency

Steem bounced back into the top 10 cryptos on CoinMarketCap again on Tuesday, after losing some of its glory and having been wandering in the wilderness of crypto rankings for some months now.

The Blockchain social media startup entered the market two years ago with the concept of sharing revenues with its users.

The monetary incentive it was offering propelled it to higher heights, and in July 2016, Steem rose by more than 2,000 percent to reach more than $400 mln in market cap within two weeks. At the same time, its price also grew from $0.24 to $4.63.