STEEM to remain a Top 100 token?
So STEEM currently hovers around the bottom end of the 80s - at position 88 right now.
It continues to slip down the crypto chart.
But why?
Falling outside the Top 100
What if STEEM was to fall outside the Top 100 crypto tokens? How would this impact on its potential and price?
I can't deny that I am concerned about it.
It seems like it's a never-ending slide down right now. This is despite the ongoing positive development that seems to be going on in the STEEM ecosystem.
I view the Top 100 crypto chart a bit like the FTSE 100. It's where the majority of focus is placed by investors. Especially more passive investors who will often spread their investments across the top 100 companies. The main players.
Will the same apply to cryptos and alt coins? Will crypto investors spread their investments across the top 100 tokens only?
Or will they take the time to click to view page 2 on coinmarketcap.com? I doubt it.
It's not too late (yet... )
But it's not done and dusted yet. STEEM still has time to consolidate and rebuild its position before climbing back up the chart.
Let's not forget that STEEM was once a top 10 crypto token and the development, community and potential is there for us to repeat this performance.
The current chart position, in my eyes, simply does not match the potential of this token. I for one will be staying and doing my bit to help build it back to where it belongs.
Not financial advice
Always going to accumulate as much as I can, I don't mind it one bit. I know it's going to turn around eventually. A lot of the other coins are susceptible to wash trading and aren't as good as their pricing and marketcap suggest. Additionally, some of those coins have a lot of private investment through VC's and such
Completely agree
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An opportunity to accumulate more. :)
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It is indeed
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Price doesn't reflect value in this case. I can see a stage after xmas when smt's and communities are dropped and onboarding is ready that there will be a proper marketing plan launched. There is already talk about it so it's the next logical step once everything is ready to go and should bring more money into the system. I'm not worried as I know what we are sitting on and have just been accumulating for the past year.
Yep, will be good if it pans out that way.
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