You are viewing a single comment's thread from:

RE: Steem is pumping, why?

in #steem6 years ago (edited)

Steem is stake based coin. Out of 280 mill steem only 80 mill are liquid.
Out of that around 55 mill is on exchanges.

The poor liquidity means that in a bear market steem will go down faster than other coins, as it did.
Also in a bull market it will go up faster than other coins.
At least that is the theory :)

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.029
BTC 57324.42
ETH 3010.01
USDT 1.00
SBD 2.36