5 reasons why I'm bullish on STEEM
[Technical] Price of STEEM has stabilized
It seems like STEEM has bottomed out, after a violent correction from the summer hype.
For the past month, the mkt. cap has been ranging between 20 and 40 million dollars.
As a bonus, we have now had a stable, working peg on SBD/USD as well.
Both developments create confidence in Steem and allow for investors to come into the market.
[Speculative] Upcoming Hard Fork
Markets have reacted positively to the announced HF changes before, and it is not unreasonable to expect increase in speculative activity in anticipation of the fork. The PR event will likely bring fresh money into the market, along with increased trading volume.
Economic Changes 1, Economic Changes 2
[Speculative] Google Trends is showing an uptick in activity
Furthermore, Steemit has recently received increased media coverage, such as Ned's interview on Cheddar TV, Charlie Shrem's and reporting on the epic SteemFest event, to name a few.
[Fundamental] Growing Ecosystem
Busy and Steemconnect are approaching a public release.
eSteem is silently getting better and better.
There are several really awesome projects in development right now, yet to be announced.
[Subjective] Increase in content quality and community participation
I have a feeling that the content quality is on the rise.
The steemit.chat and steemspeak communities seem more active as well.
I am not your financial advisor and this post is not an investment or trading advice. The above post merely represents my opinions, which could be factually wrong. Please conduct your own due diligence before investing.
It always helps to have the right currency in hand when they change the rules. I'm stocking up on Dash, gold, silver and Steem.
I agree. I have seem more new faces and introduction posts in the last week than in a long time.
I miss just Dash from ur list ;)
When Segwit fails to activate will that be the domino effect for greater highs of Steem value?!? 2017 is looking great
Because of the ready convertability between cryptocoins, when one goes down much goes to others. Having just fully read the whitepepe I now understand why the hype was so great, Steem's architecture is very different from other blockchains, and builds in a kind of incubator which is why so many side projects have sprung up. First blockchain with a built in forum!
Houston...we are going to the mooon!!!
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Bitcoin & Steem are the only two crypo's that matter right now.
and ICN :)
We hope that Steemit will raise his reputation to the highest peak of development.
We could get a short term peak soon if my Elliott Wave count is correct.
obrigado por compartilhar conosco estas informações.
So am i, mainly for reason #1, the hard fork. Slashing inflation and making it easier to withdraw SP are both extremely valuable updates.
SteemQ With fine words, but NOT with concrete actions and a real product.