I joined here at september 2019.This is the first time i have seen steem price goes up to 19 cent.Sbd also push up 13.9% today.Sbd price now 73 cent.Last week we have seen bitcoin,ethereum up significantly due to CME (Chicago-based derivatives exchange) bitcoin future successfully past rival bakkt daily trading volume in first day.But that time steem and sbd was mute.I said earlier 2020 will be the golden crypto year like 2017.

Steem Price

See here daily trading volume surpass 5 million dollar.Steem market capital is now near 64 million dollar.Steem price rise above 35% today.Steem is now stand 71st rank based on market capital.Last week it was 86.

See the 24 hour chart.How nice pump happened here.I mentioned my last steem price analysis that if price would increase above 15 cent and stable then we can say bullish trend start finally.So, now there is no confusion.

Sbd Price

24 hour trading volume 285k dollar.And total market capital now 5.33 million dollar.Although we know sbd has limited circulating supply.My opinion is sbd has more room to go.Sbd stand now 300th rank based on total market capital.

This is the 24 hour chart of sbd.It increased 16.6% today.This is strong bullish development.

Why it happend

I wrote at my last analysis, steem and sbd need a major fundamental news which can lift sbd and steem up.I searched whole day why it boost up.Actually i do not find any major news.But i think some reason has effects to this up.

Huge promotion about steem on other social media

This is one of the major fact.Steem Promotion is going on in twitter,facebook,bitcointalk,quora,linkedin and medium.I think new investor come to steem.If demand increase more than supply then price automatically up.We have to continue our promotion. @theycallmedan @acidyo @ocdb @ocd are giving extra rewards for doing #posh promotion.Thanks to them.

Recent crypto development

I mentioned above about CME news.Bitcoin trading volume become double in usa.It will be increase more day by day.Facebook also busy with libra.Anytime we can hear a big news about libra.Bitcoin halving will happen at may 2020.This is one of the biggest news of 2020.So many developed country now thinking to give legalization crypto.They are searching the proper way.They are worried about untraceful network which can increase money laundering.

Steem is the future of social media

Now social media is not for only time pass.Steem proved it successfully.User is not useless in steem.If facebook open libra coin at market and give libra to user as a reward, then i think it will make popular on market as a new reputed coin but it would not popular in facebook user who has not ability to buy coin.That is the steems strength.

All screenshot taken from
https://www.coingecko.com/en/coins/steem-dollars
https://www.coingecko.com/en/coins/steem