From last two weeks we have seen the value of the STEEM soared more than 1000%, according coinmarketcap.com.
Of the 657 digital currencies tracked by price index site Coinmarket, Steem is the third in terms of market cap and bypassed ripple and litecoin who were third and fourth in the market. Digital currencies have gained broad appeal among investors as a mechanism to transfer assets without a third party or clearing agency.
Till yesterday before the announcement of the cyber attack the value of the STEEM was up by more than 7.06%. After the attack and temporarily disabled deposit and withdrawal of steem and steem dollars on OpenLedger and Bittrex, the value of the STEEM drop down by 11.9% in last 20 hrs.
Its looks like a bad day for STEEM but it’s just temporarily and still looks great in the market and still the third.
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