This downtrend in steem price won't stop till we stop inflating steem with 24% . I might sound like trolling but I want to pass this message to all influencers so that something is done sooner than later.
Prices do go to zero - when exchanges delist them.
Can you please elaborate on 24%.
Total virtual STEEM supply at the moment is 362 million.
In my last report, 1.3 million was added in a 2 week period.
That would result in roughly 9% inflation a year.
In the past inflation was much higher all due to SBD conversion. But without it, inflation is pretty much on par at what it should be.
I explain it in my below post
https://steemit.com/actnearn/@prameshtyagi/actual-steem-inflation-is-way-above-planned-inflation