Looking Good
.......................................................................................................................................................................
For the last month Steem has been creeping upwards.
The volume has generally been right about twenty million. With three exceptions. I forgot what the first one was on April 13 that drove the volume over a hundred million but if I recall correctly the two other large increases (one to TWO hundred million) were due to being listed on the Huboi Exchange.
Ned is currently on a trip to Korea...perhaps he can get Steem on some more exchanges while he's gone.
Here's an odd thing...Steem Market Cap is $1.084 Billion...which is pretty much stable for the last month or so.
However...it's RANK has dropped to number 29
There are currently 31 coins with a market cap exceeding One Billion USD
another odd thing..
The overall market cap for the entire crypto-space has remained just about the same..right now it's about $452 Billion.
And another thing.
Bitcoin dominance of the market....is pretty much UNchanged at 36.19%...it's only moved two or three percent lately.
SO...where is all that money coming from?
My guess is that some ShitCoins are being flushed.
They're being sold and the money is being invested in other coins..
Just a thought.
That's probably true. I think there's just a lot of traders who jump from coin to coin trying to catch momentum movements in the price.
sounds reasonable.