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RE: What caused STEEM to get dumped? Why I think the worst might be over

in #steem5 years ago

The fall of Steem price is of course tied to the rest of crypto. Other influences I consider the primary influence has been the leaving of core developers. Seemed to me that Twitter and Facebook were able to gain a lot of momentum before the scavenger advertisers started to influence the system. It does seem like the tribes you mention and gaming are starting to turn things around.

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I agree that STEEM price is partially brought down by the rest of the crypto market. However, during this there are still a few that outperformed BTC (e.g. BNB and LINK). I thought with the developments on Steem, the price should be much higher

Before the end of the year we should see a gravitation of non-coiners to crypto. More than one chain expects to ease on boarding within months.

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