STEEM Boils Over: Update HF20 Creates $70m Boost
https://cryptobriefing.com/steem-update-steemit-hf20/
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Steem (STEEM) tokens have shot up in value, breaking past the $1 barrier, as the decentralized media distribution platform, Steemit, gets ready to make account creation more accessible in an update tomorrow.
STEEM has floated in and around $0.80 for the past week. This all began to change at around 15:00 GMT on Monday afternoon, with the tokens surging sharply. The total value of STEEM tokens went up by nearly $70m in less than an hour so that by little after 16:30 they were individually trading at $1.12. This represents a near 25% increase since the beginning of the day.
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