STEEM uptrend (somehow against the market, as I wrote previously) is continuing - fortunately. During the last 8 hours, STEEM appreciated another 1k satoshis, briefly hovering over 10,000 only to come down to about 9,769 satoshis (at the moment of writing).
The presence of STEEM on Huobi, as well as the new exchange announced with STEEM being the main trading pair, @freedomex, may have played a significant role in this appreciation. Volume, although not spectacular, is relevant and may allow further stabilization above 10,000.
In fiat, STEEM is trading at around $0.38 at the moment of writing.
It's way too early to talk about a decoupling of STEEM from other market assets, Bitcoin essentially, because we will need a stable and relevant (millions of $) influx of fiat into the liquidity pool for this to actually happen, but one can dream about it, right?
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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