You are viewing a single comment's thread from:
RE: Short-term price outlook for STEEM ( Based on an analysis of the short-term growth rate of all coins that Bithumb has recently resumed deposits and withdrawals or is about to resume)
Interesting analysis! Thanks for the details as it put some sense behind the recent moves. Incredible to think one exchange can move the prices so much.
Posted using Partiko iOS
Yes, of course, other factors may be working in combination.
But look at the STEEM trading volume today as belows.
STEEM trades at about 81% in Korea's Upbit and is a significant volume compared to the recent average
Major coins did not rise at all during this period.
https://coinmarketcap.com/currencies/steem/#markets
Over the past few days, I think Bithumb has announced that it will resume its wallet, causing many speculators to get stimulated to trade STEEM in Upbit. Therefore, before the re-opening of the wallet, much of the preliminary reflection has been completed.
Of course, I also earned money.
Once the STEEM price stabilizes again, it will eventually move in line with its long-term fundamentals.
Thank you.