Steem Spike
This is very interesting, yesterday I was looking at crypto prices and Steem was at just below $0.39 and about an hour later it had spiked to $0.52, since then it has gone down at a moderate pace and is right now at a price of $0.45 so I guess by the end of today it will be at around $0.42.
Now, what caused this spike? Was it a pump and dump or were there other factors at work. Well, Steemit does have a lot of people well versed in Technical Analysis and these types of phenomena, is there an answer to this?