STEEM Go, Go, Go!!!

STEEM is once again stagnant at the $0.76 level. Thankfully, this has also been support for a while.

If STEEM does break this support level, it won't be that great for the site for obvious reasons, but I wouldn't totally be unwelcoming to this idea. Any pullback on this total level right now won't be that drastic of a change in terms of performance on the site, but it could potentially lead to HUGE buying opportunities on STEEM. I know I rant about this a lot -- but yet, I'm in favor of some lower and cheaper STEEM prices. Oh, plus I feel it keeps a lot of the BS content off this site since people aren't just chasing a crypto for "free".

Long term I am still hugely bullish on this, so a cheap buying opportunity is one of the most ideal scenarios ever. It'd be like buying a big name crypto super cheap, potentially for under a dollar. With a total market supply of almost 283 million, there's still ton's of growth potential here.

SBD still seems to be holding steady around $1USD, so all that a pullback in STEEM means is higher payouts.

Anyway, support has been holding for now, but we may potentially see a break and close below this level. The performance hasn't rallied for STEEM like it has for the other cryptos.

Cheers!