I think that the price shot up also because of the slow down of BTC. Users that have BTC want to put it somewhere to make more money. Why not undervalued Steem??
RE: AskSteemit: What are your thoughts about the recent uptrend in price?
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AskSteemit: What are your thoughts about the recent uptrend in price?
i think a lot of it has to do with affordability, there are probably more people with a couple of hundred bucks to throw at it then 15 or 16 thousand a coin.
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Yea that is a factor also
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