Steem/Ether market is gaining some traction again.
In the last 24 hours Steem/Ether pair made up more than 8% of all Steem trading. This is not the only time Steem/Ether market was very active, but it shows it's regaining some volume. A good indication investors holding Ether are seeing a valuable counterpart to their investment in Steem. If the trend continues, Steem will see more volume and growth, as support is not always dependent on btc/steem market.
I believe that we will soon see rapid Steem growth. As soon as the project finished its beta testing. In any case, I wish it was so ;)
Thanks for keeping up to date, @joseph.
price down
It might be wise to be prepared to sell STEEM for BTC if the market for ETH isn't there. I was in a situation yesterday where ETH/STEEM market was lagging way behind and no one was willing to sell ETH for STEEM. BTC market was active and the lending rate at Poloniex was favorable for BTC at the time.
On the stock exchange price of steem is also increased.
Nothing wrong with some more Steem volume and growth.
Still growing strong on Alexa and 52,585 accounts as I'm typing this...