Did STEEM turn a corner on April 21?

in #technology2 years ago

On April 21, Binance added the STEEM/USDT trading pair. As @happycapital also remarked, here, Binance subsequently listed STEEM on Binance Convert (May 23); listed STEEM in the BUSD market (May 26); and enabled purchase of STEEM with fiat currencies (also May 26).

Here's STEEM vs. ETH, before and after April 21.

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And here's STEEM vs. BTC, before and after April 21.

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source

You can see a similar pattern in STEEM POWER vs. LTC, here.

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I'm not drawing any conclusions or making any predictions, but is it possible that the macro bear market is hiding some positive momentum for STEEM? What do you think -- Just a coincidence, or a lasting change in market dynamics?

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I hope that next month the market will recover, I mean all cryptocurrencies

Steem has suprisingly performed much better than anticipated during these bear periods. I think there is more to the story.

If Binance had done all this a year ago (in the bull period), the steem price would have been much higher.

Pienso lo mismo que tú 🤔
Considero que también se observan subidas del Steem cuando están por bajar los precios del Btc. Podría ser que los que están "huyendo" del mercado bajista estén comprando Steem en secreto? 🤭 es interesante pensar eso

Your post was upvoted and resteemed on @crypto.defrag

I think steemit should add more options and advantage to make increase steem value by time

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