STEEM Price Beginning To Creep Up Again

STEEM Pushing For A Rebound Post Market Crash

Trading this afternoon has seen small upticks in many cryptocurrencies across the board.

Bitcoin has climbed back into the low to mid $7,000 range after hitting a low of $6K.

Ethereum is back into the low to mid $700 range after reaching a low of $574.

We are starting to see gains across the board, inclusive of STEEM which we all want to see go back up!

STEEM Price Trending Up

The STEEM cryptocurrency had bottomed out at $2.62 yesterday after dropping from a monthly all time high of over $8 back on January 2, 2018.

Over the past week along the price dropped from $5.70 down to mid $2.60 range.

Now that the markets have reach a 2 month low point investors are likely starting to look for reentry points to try to capitalize on the ride back up to profits as the markets begin to head North once again.

It remains to be seen just how long lived this rebound will last but over the several years January and February have historically been pull back months with sizeable market declines.

All markets are seasonal and have periods of increase and decline based on trading patterns.

If you believe in cryptocurrency and have the resolve to hold your crypto for the long term then you will have a better change of seeing the benefits of the ride back up.

It's extraordinarily possible for STEEM to ride back up to $8 if not beyond that as it has received a better Weiss Rating than that of Bitcoin and seems to be one of the faster growing social media platforms out there today.

Here Is A Look At The Prices Of STEEM Over The Past Week, Month and Year.

It feels like we are in a position now where STEEM should it remain in existence along with cryptocurrency as a whole then it doesn't have a heck of a lot more room to fall in that it's market cap isn't all that high in comparison to many other cryptocurrencies.

Of course I am not an investment professional and this is not investment advice. You should conduct all of your own research before making any investment decisions. This is merely my opinion based on my own findings and conclusions.

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