Steem just pumped 104% to $1.86. Who's burning the rocket?

in steem •  23 days ago

When I checked coinmarketcap a minute ago I couldn't believe my eyes. Steem was selling at $1.86 having an increase in price of 104% and honestly I don't know why. The first thing that came to my mind is some whale buying a good chunk of it to power up since the price of under one dollar it was a good one. At least in my opinion. Then I thought to myself that some BIG NEWS splashed recently and skyrocket it, but nothing appeared on my feed from the official Steem account.

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So, I am wondering and asking you guys also, what could have made Steem pump that hard in less than half an hour? Plus, it's not just a 10% or 15% increase in price happening in a few minutes but a whole 100+%...so it's big. If you have any idea about what could have made our beloved Steem coin to skyrocket that much in less than half an hour feel free to let me know in the comment section.I am always eager to hear good news.

Honestly, I would love to see Steem starting a fresh and long awaited rally in the whole market, but I doubt it could do that. It's not Bitcoin, but over all it's a pleasure to see it pumping this way. I know that $1.86 is way less than what it was worth a few months ago, but after weeks of spending its time under one dollar it sure feels like a deep breath of fresh air to see Steem above one dollar. Fingers crossed for the momentum to hold even longer and why not even higher.

Thanks for your attention,
Ace

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It's Bithumb & Upbit & GOPAX (Korean exchanges) pumping it. It happened once before already.

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On coinmarketcap it says price excluded next to Bithumb so I don't know how can the exchange affect the price if it is not taken into consideration. However I noticed that Upbit and GOPAX are selling it at over $2. It's started to decrease its price at this moment so...

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All STEEM/KRW exchanges pumped the price.

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It's getting back to normal.

Hello acesontop,

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Thank you.

Yea, I was freaking out a bit earlier.

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Me too...:)