Zuckerberg Testimony Causes a Spike in Steem and Steem Dollar Price | DTube Video
The price of Steem and Steem Dollar has really spiked the last view days. It is nothing compared to where it was a few months back, but I am very optimistic over this spike and I explain why in this video. The reason for the spike is up for debate, but many have suggested it has something to do with Mark Zuckerberg's testimony in congress over the past few days.
Generally the smaller cryptocurrencies follow the trends of the big ones like Bitcoin and Ethereum, however those two big ones have not really gone up that much. They have gone up but not nearly as much as Steem and Steem Dollar.
It is important that we look at the percentage that they have gone up with and not the dollar figure. For example Bitcoin might go up by $700 but that would only be around 8% (just an example not completely accurate).
Let me know what you think in the comments about this current price spike and what you think will happen in the next month or two.
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From within the big fall down beginning of this year everyone yelled that it was normal behaviour and that it will climb again. It does every now and then to drop again a little. So I think speculations for the short term are over because there are to many on board. But for the long term I think it will turn out fine. The spike from the last day's though is a nice one.. Not that I helps me (other than on Steemit) cause I don't cash any of my hard earned steem and steem dollars.. lol... I put everthing right back in Steempower...
Have a great day !!
Awesome! Thanks for the great post
Weird how these things work. Thanks for sharing
Totally correct in that there's a correlation, just obviously not sure how much.
In addition to Steemit...
https://steemit.com/money/@harpooninvestor/new-york-magazine-just-don-t-understand-a-snap-vs-facebook-story