Steem price is Rising...

We expect crypto prices to go up and seems like the market is in recovery. The cost for a steem coin is also going up as you can see on the below chart and slightly the price is going up which is good. The chart is the best way to figure out how things are going in the market and today I checked the esteem price which looks good in the chart as you can see it was in a downtrend until 17th July but after that, the uptrend started.

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It is clear that the market is getting better and certainly the signal which we can see in the market as of now is presenting that things will improve in the coming months. Because I believe on this platform for the long term so I am trying to accumulate as much as possible at my capabilities because I believe that SP is highly undervalued. It is undervalued because the price is low but the utility is quite significant.

If we are going to see more value appreciation on the coin price then certainly the demand will increase because this will create a situation where more people would like to accumulate more tokens with the hope that more value appreciation will happen. As I have already mentioned my goal is for the long term which can be multiple years and I have no plan to sell it off instead I am focusing on building an account that is more valuable in terms of sp holding and not liquid token holding.

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