Price of Steem : 2.28$ Volume falling

in #steemit7 years ago (edited)

These are exciting times indeed, this is the highest I have seen the price of Steem since I joined in november of 2016.

   

2.28$ Current price of Steem but we did reach a peak of 2.58$ for a short while.

Image sources coinmarketcap

A negative note is the large decrease in trading volume since we topped out two days ago. We managed to reach 55 million USD in Steem trading which was aproximately 10% of the total marketcap.

Here is what the last 30 days have looked like as far as the price of Steem is concerned in a chart

If you want to check out some other posts I have published in recent days/weeks regarding the price of Steem :

Price 1.84$ = https://steemit.com/steemit/@mallorcaman/steem-on-fire-1-84usd

Price 1.44$ = https://steemit.com/steem/@mallorcaman/price-of-steem-soaring-1-44usd

Price 1.29$ = https://steemit.com/steem/@mallorcaman/sbd-contest-guess-the-price-of-steem

Price 1.07$ = https://steemit.com/steemit/@mallorcaman/price-of-steem-going-up-volume-still-quiet

Price 1.04$ = https://steemit.com/steem/@mallorcaman/steem-slips-to-number-13-on-coinmarketcap

Well lets keep a close eye on the price and volume in the coming days, I expect a large movement either downward or to the moon! Would love to hear your thoughts on what might or might not happen in the coming days.

If you use twitter feel free to visit the link posted below for retweeting

https://twitter.com/mallorcaman/status/872736018960666628

All upvotes, follows, comments and resteems much apreciated!

Have a great day!


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I think it might moon again soon, after consolidation. Next hard fork changes the reward curve and that might mean more rewards for the easiest thing to do here, vote! That might attract a lot of new voters and posters. We'll see, it will be happening in a bout a week.

Have you seen Steem's older brother, Bitshares! http://coinmarketcap.com/currencies/bitshares/

Nice price increase and large volume in the last few hours!

Yeah the hardfork promises to make things just more interesting. Its quite amazing how many new users are joining Steemit right now, cant wait to see what the next weeks will bring us. Regarding bitshares I used to own quite a few a couple years back but I traded myself out, I will keep a close eye on it thanks for the heads up :)

Awesome post buddy :)

what a nice things to say :)
It will be nicer when the title reads : Price of Steem : 22.28$ volume rising !!!!

The cryptocurency market is on the rise and money is shifting from money markets to differet markts as it is so unstable! QE programs, government loans helps to this market to rise! So as long as they keep pumping money in the system it will find it's way to safer assets! Blessings to all! :)

And its just starting to begin now, just imagine when a real head of STEEM develops on this locomotive we call cryptocurrencies and decentralization!

Yes sir, cryptocurency market is just a drop in the sea. I am excited about it! I will follow to you @mallorcaman

A decrease in trading volume while maintaining price is good. It means that there aren't that many sellers and people are trying to get what they can for the current price before selling volume dries up.

Well for now the price is still trying to stabilize. A drop in volume can means many things including bulls taking a short break before resuming the buying frenzy from a lower price level. Thanks for taking the time to comment!

I expect the price to stay steady for a little while before edging up again. Though as I have most in Steem Power I'm not too concerned about what the price does short term, I'm more interested in learning about Steemit and enjoying being part of the community.

Thats the right attitude as far as Im concerned.
Curation rewards are also a great way to increase your SP. It took me weeks to begin making succesfull posts on here but its fun learning how to use such a revolutionary application run on a blockchain such as is our baby Steemit :)

I am on the same strategy :)

time for some consolidation before another PUMP !

Thats what Im hoping for :) Im not alone Im sure !!

The leg up will be bigger I think :)

Hockey stick Im hoping!!

I want to buy thousands of dollars in steem power but I'm waiting for it to go back to $1.00 :-)

Might be a good idea, I wish I had not been selling steem for 14 cents like I did a few months ago :(

I appreciate your post. Thanks for sharing. Go Steemit

mallorcaman Peter Lorenzo tweeted @ 08 Jun 2017 - 08:44 UTC

Price of Steem : 2.28$ Volume falling — #Steemit

steemit.com/steemit/@mallo… / https://t.co/WzuGPxR6le

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