STEEM Facing Relegation Outside Top 50...

It has been painful to watch STEEM tumble down the cryptocurrency markets over the past couple of months.

It hovered around the No. 30 position for a long while but has since fallen into the 40s bracket and now is fast approaching No.50... (currently sat at No.48). This is a worry.

Falling outside the Top 50 means that it starts to lose visibility to future potential investors. Being visible attracts investment. It's like being a stock in the FTSE 100 or DOW Jones Industrial Average. Investors buy a bit of each of these 'trusted' stocks and shares but few - but the bravest - dare to invest beyond these leading companies.

We really don't want to see STEEM relegated to the lower leagues because it can often be difficult to climb back up again. I must confess that I am struggling to understand quite why or how it can be one of the bigger fallers again today when there is so much more utility to this token compared to others that it is currently competing with .

Let's just hope the as the market revives overall, that STEEM will rightly find its place in the Top 10, just like it did all those moons ago....

(I should add that despite all the negative news, I am still invested and investing in STEEM! Are you?)