RE: Want to increase your Steem Power? 50% discount is here.

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Want to increase your Steem Power? 50% discount is here.

in money •  8 years ago 

Thanks for this part analysis. The market cap isn't accurate because only a fraction of STEEM is available for circulation. When only 5% of a market cap is in circulation, it would be surprising to see any sort of volume in line with coins at the same market cap...

My interpretation is that given all the TA done above, along with the fact that only a fraction of the market cap is currently available for trade, STEEM will continue to see a steady decline until it finds a support level. This may take a while. Recommendation: wait for the market to sell itself out before buying in. Good luck!

money
8 years ago by

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