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In a way it can drive it up, but however in a very different way.

Steemit.com is not an ordinary blog it's a decentralized platform, so the only Way that traffic can drive up the price of STEEM is if the engagment that happen as a result of this traffic can bring in investors that will take time to invest on STEEM, then indirectly the traffic has driven up the price of STEEM

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