Steem Price analysis and prediction, comparison with the Expanse crypto bubble.
To effectively predict the future price of Steem we need to understand the crypto bubble "anatomy" and we are going to do this by examining Expanse price history which is given below:
Expanse is a crypto currency which went up in price by something like 4000% in a single day ! And of course, the next day it dropped a lot. Now let`s look at the Steem price history:
You can clearly see similarities! The same drop can be expected to happen to Steem (actually the drop is happening at the moment of writing this). The price will go down but it does not mean that the growth will cease, you can clearly see how the price of Exp went up again and even exceeded it`s all time high and stayed at that mark for some time. Needless to say, Steem is a way better project than Expanse which leads me to believe Steem won`t stop where Exp stopped but go even higher as the user base and with it the demand for Steem gets bigger and bigger.
So my advice would be not to sell Steem but buy more when it is cheap. Oh and most important one, POWER UP!!!
Nice post - have to agree - it's basic that it was bound to happen when it hits that soft spot for bigholders so even if they sell larger quantities it won't fall below their total expectation outcome, but as it will get more evenly distributed to others who have buy orders the growth will appear again.
I upvoted you.