RE: Steem - When you add a new coin and it immediately starts outperforming the rest...

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Steem - When you add a new coin and it immediately starts outperforming the rest...

in hive-168689 •  5 years ago 

Dont you think it's because some exchanges (Binance, Huobi...) powered up their STEEM so it is causing a lack of liquidity on their market and the price is rising up due to that?

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That is part of it, though the biggest reason is that people are buying steem on bittrex to keep their witnesses voted in.