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Why is the price that down

I suspect that it is down because @hobo.fund is going to release many tokens to the delegators today. Also, the value seems to drop whenever @hobo.media does not keep posting content because there is no new announcement to post.

Please keep in mind that even Bitcoin and Ethereum fluctuate in value. On Steem Engine, the native coin ENG has fluctuated between 0.18 STEEM to 1 STEEM. When a coin/token is not a stablecoin the valuations can go all over the place.

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