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RE: Steem - When you add a new coin and it immediately starts outperforming the rest...
Dont you think it's because some exchanges (Binance, Huobi...) powered up their STEEM so it is causing a lack of liquidity on their market and the price is rising up due to that?
That is part of it, though the biggest reason is that people are buying steem on bittrex to keep their witnesses voted in.