Over the pass few days the cryptocurrency market has been dipping with uncertainty surrounding the worlds economy especially with the exponential growth of inflation around most nations of the world, couple with the news of war of Russia invading Ukraine which all contributes to the further dump in price of the cryptocurrency markets as cryptocurrency are still considered to be the most risky asset investors tends too dump due too its high volatility.
Steem is one of the older blockchain running of the graphane blockchain like hive where authors and developers uses proof of brain to earning both steem and SBD via proof of work and proof of stake. It has been an awesome blockchain till hive was forked out of steem after a hostile take over by Justin Sun..
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Most early investors on the steem blockchain are in heavy losses both in USD and Bitcoin when u check the current price of steem which is presently at $0.31 approximately 30 cent and when compared to bitcoin its trading close too its all time low at 0.00000784 as against 0.000000544 btc it traded 2 years ago with further downside from investors dumping cryptocurrency it might not take long for it too break below its previous ATL as low development is on going on the steem blockchain when compared too its counterpart hive.
In Conclusion
As a cryptocurrency trader mu job is too search for great opportunities and entering prices of an underline asset and i think steem will be a good buy at this price considering its running on the same blockchain protocol as hive and hive has managed too find its feet up so also steem will rise as its ATH was 8$ so buying at current price is assured of 100% profit over the next new months so am bagging some at this awesome giveaway price especially with bitcoin fiinding its feet soon with so many adoption and upgrades.