Steem isn't really doing awesome these days while it's sitting at values between 1$ and 1.5$ more or less the whole time during the last months. I just can't believe it didn't rally so far as the current values are massively undervalued in my opinion.
We got a live project with a huge community and more than 50.000 active members on a daily basis. I'd go as far to say that this is most likely the biggest and most active community in the cryptosphere after all with a massive amount of daily interactions.
That being said, when do you think will steem see a new rally and get back to values above 2$? This week or maybe the next or do we have to wait some more time to see higher prices again?
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Give it like a week :D
I believe in a quick change.
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It will be difficult to say. We just have to keep steeming and be hopeful that steem price may rise above $2 probably before the end of the year
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the crypto so low volume at the moment, Everyone is just waiting and still clueless , time will tell.
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@steembusiness your article is very informative . after few month steam coin price is high.
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It is the whole crypto space is like this at the moment.
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The winters are gone . Summers have started , surely steem in coming weeks / months will cross 2 dollar
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Well I really feel pained about the low price of Steem
Let's look deeply...Have you noticed the split in reward with Steem power getting a larger portion? For instance from this post of yours, while making this comment, I noticed your earning was $26.62 with a splitting of 5 steem and 5 SBD respectively but with 9 SP
This is attributable to the recent mad and rampant Powering down
Rather than investing more people are powering down
Apparently, prices will bounce back in August
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People are powering down because the dev team hasn't "released" JACK for a while. The sign up process still is not fixed and people searching for an alternative to facebook can't join in unless you pay a fee for an account. The cultural expectation is that social media is free. Steemit can't change that and will fail if they try. Other blockchain social media projects are coming into the playground and since steemit doesn't seem to take the competition with facebook seriously, people are powering down and hedging their bets.
Facebook is going to fall to a blockchain competitor. That is set in stone...but will it be on the Steem blockchain? That remains to be seen.
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I hope steam very quickly become $2. But since this cryptocurrency market is not going to say anything with confidence. let's see what happen!
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I am not sure when but know it will so the most logical step is to buy more and keep engaging to add to our SP because it will not stay here forever!
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Yes, we have more than 50,000 active user. but look at there wallet most of them do power down and sell steem for the money, a problem why do steem price still low!
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STEEM is totally under the radar. It is going to take a move in the markets overall to lift it. I cannot see it moving up in any major way unless we get a major announcement about SMT. Short of that, we are at the mercy of the market.
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I think Steem will follow the general market, but at the same time I am happy to keep accumulate in this downtime. Fingers crossed for everyone!
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I agree. Steem is massively undervalued. Just went Steem shopping yesterday :P
Let's wait for the ETF thing to roll on.
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We will see a new Steem rally when @ned and the dev team make some more announcements and finally fix the sign up process. I continually get notices and emails from my audience telling me they can't get passed the sign up process.
That and Steemit needs to come out of Beta. They need to get serious about taking on facebook as a competitor. The social media market is not stable and it's primed for a facebook fall and something new to take over.
Steem is currently listed at 36 on CMC...Dogecoin just passed them. Let that sink in. Dogecoin just passed up Steem.
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I think that the price will rise above $2 later on this year. I’m just guessing I’m october or november
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Personally, I would like the STEEM price to stay as it is for some time as this gives us the unique opportunity to get more SteemPower which will be awesome for us in the long run.
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