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Too expensive based on... what? Is Bitcoin too expensive? Ethereum too expensive? A share of Berkshire Hathaway too expensive? (Well, probably yes for that last one).

Price is subjective and based on timescale. On a long enough timescale, I think STEEM is highly undervalued right now.

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63350.70
ETH 2595.60
USDT 1.00
SBD 2.85