Steem is pumping, why?
Happy to see steem pumping.
Any idea why?
6 years ago in #steem by knircky (73)
$6.48
- Past Payouts $6.48, 0.00 TRX
- - Author $4.96, 0.00 TRX
- - Curators $1.52, 0.00 TRX
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i think its because steemapps.com
Posted using Partiko Android
It fell wayy lower than it should have!
There were a few minnows powering up to dolphin, some were waiting for cheaper prices... if they think it's not worth waiting any more... could lead to some FOMO!
Remember FOMO? The good old days
Why not?
Posted using Partiko Android
Speculation, as always, although the Steem has broader ups and downs, as always.
Apps, Daaps....
Being on State of the Dapps could be providing a great platform to demonstrate our great ecosystem and could have led to some interest. Could also be the powerdowns are ending and the sellers have gone away for the Holiday weekend...
Posted using Partiko iOS
I saw a similar rush for one month ago. Up (and down) with 15-20% in some days. So maybe this will be a correction and drop tomorrow.
I do not think it is dapps - more speculations
Posted using Partiko Android
Steem is stake based coin. Out of 280 mill steem only 80 mill are liquid.
Out of that around 55 mill is on exchanges.
The poor liquidity means that in a bear market steem will go down faster than other coins, as it did.
Also in a bull market it will go up faster than other coins.
At least that is the theory :)