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RE: Why the price of Steem is surging.
Thousands of people started to use steemit for the first time, abandoning Facebook and other blogging sites. Word is getting out.
Okay I would like to believe this is the reason but come on it feels so unreal I mean $6+ something that was struggling with $2 some hours back.
I think there is a conspiracy behind this time to get the team back and investigation is needed would report my finders back to you.
Till Then stay Tune.
After hours of searching and searching I would like to believe the below is the case and new investors just re-entered the platform.
The more bloggers we have on steemit, the more people want to own steem (to get steempower).
and probably this
Getting steem listed on new exchanges
Happy New Year from Nigeria sorry coming late
Irgendwie ist stem ein elitäres. System wer vie stem hat, hatund viel, macht😡
@otemzi It sounds like you may have a way to get more information? If you discover anything useful, please share it with us all!
As I mentioned above, part of the movement is due to vanity buyers, the rest is investors anticipating the future. That's why Amazon went from zero to $200 ten years before it made its first profit.
This should probably be the major reason, when new investors come into an organization, we get increase and improvements of that organization and also looking at vanity buyers as you mentioned, probably buying and exchanging steem to other crypto coin, reason for this is that looking at the price tag for both steem and steemdollar, the increase affects steem quite a lot afterall steem was supposed to be the superior.
Be that as it may if I do get any more info would be sure to bounce back and update