Binance addition of STEEM, Upbit's volume, ZeroHedge's STEEM mention, Weiss-rating, BTC hitting lows and STEEM's resilence
Lots of events took place for STEEM in last couple of weeks.
Now at the hours of BTC hitting lows for 2018, STEEM's parity against Bitcoin is not going down. It shows that STEEM is showing strength compared to other altcoins. Moreover, it is consistently staying above 26th rank. Once STEEM's ranking was spiraling down to 43.
Once Bitcoin's correction is complete, we may see an long bull run for STEEM. Here is why?
Binance addition of STEEM: Binance is the top three exchanges by volume. It is the member Big Bs (Bitfinex, Bithumb and Binance). Therefore, other big exchanges will follow. STEEM's volume will increase and so is its demands among the traders and investors. Interestingly, STEEM is very popular in South Korea. And, South Korea is currently the hotbed of crypto-trading. Therefore, STEEM has a bright future as trading currency. Moreover, it could be future transaction currency due to its fast speed, scalability and zero to take advantages of arbitrage among different exchanges.
Upbit's volume addition to CoinMarketCap: Though STEEM ranked 40 or above its trade volume used to stay low. With addition of STEEM in upbit.com in South Korea, its volume picked up. However, CoinMarketCap recently added the volume to its measure, and now STEEM is part of one of highest volume cryptocurrency.
Weiss-rating rated STEEM top 5 cryptocurrency:Weiss Ratings is small brother of big rating agencies Standard and Poor, Moody's. It gave STEEM B-. No crypto has rated A. Only ETH and EOS had B rating. STEEM, Cardano and NEO earned B-. This rating is a big advertisement for STEEM. More recently, Investopedia.com has rated STEEM as top three altcoins to invest in 2018.
ZeroHedge' STEEM mention: In the article, Zerohedge mentioned STEEM's advantage of having censorship-less contents. Nobody can delete a content from STEEM blockchain. Moreover, it also mentioned that how big corporations take out profit of viewership from the content creators. STEEM is solving this issue too.
Finally, STEEM has its heyday ahead. Recently, @ned had group chatting with @d-tube founder where he told that he wants to make 100K entrepreneurs in STEEM blockchain. It is a great vision. SMT, hivemind and easy-signup is yet to released. Still, new user signup is exploding. Therefore, once BTC correction is complete, we may see a strong bull run for STEEM in coming months.
Image sources: Most images are open sourced (e.g. Pixabay) with Creative common license. Some images are used with due courtesy to respected owners.
Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger
Agreed, STEEM has great potential in encouraging the creation of quality online content. Would love to see how far the coin goes!
Yes STEEM has great potential, thanks for visiting my blog.
I think that binance adding steem is huge
Yes, thanks for visiting my blog.
no problem!
THE TAKE OVER continues....
Yes, thanks for visiting my blog.
Thanks your information. This is a good information.
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