In less than an hour, STEEM gained more than 1200 satoshis, on a significant volume. Not sure yet what could be the cause, but it's a bit too spiky to be random.
Here's the Bittrex 30 minutes chart:
On Upbit, the South Korean exchange which has the biggest trading volume (more than $2 million per day), the 30 minutes chart looks like this:
No real FOMO seems to have been triggered, otherwise we would have seen much higher volumes, so I suppose this is just a small "toe dipping". May see some more coming if there is enough demand.
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I see the volume spike on Upbit, but volumes on Bittrex seem within range. Could be some Korean whales/hedge funds getting into Steem.
Upbit's Steem/KRW pair has more volume than Polo and Bittrex combined: https://steemit.com/steemit/@techwizardry/we-need-more-exchanges-upbit-s-steem-krw-pair-has-more-volume-than-bittrex-and-poloniex-combined
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Yep, I know, that's why I always keep an eye on Upbit, although I use Bittrex charts usually for my daily market snapshots.
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waiting for the $2 SBDs again
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I really need those pumps!
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It's probably about to have a big correction now...
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I just hope it continues the upward trend, at least for the next few months. I can certainly do with a bit of positive excitement after all the last couple of months.
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I've been watching it all night (it's mid morning here).
It got damn close to $2.00
(I dont' like that)
I like it MUCH better when it's OVER $4.00
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Where are you looking at the price? I look on blocktrades and did not see it go that low - I check often like you.
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steemdollar
and
LiveCoinWatch
![]
(
I have two computers and three monitors.
those and more are running one one (or more)
of them all the time.
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Thank you - I will get these going too. Only one computer though :)
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Can this be a trigger???
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Heheh I remember telling you something about 28th of February being the day the Chinese holiday ends and crypto transactions will start afterwards ...today is 1st of March and this happened . Let's hope my predictions come true and if it happens then we will all smile soon.
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Can't understand why is this pump happening.
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Weeeeee! I know it's not significant long-term, so it doesn't affect me at all, but I love to see these movements. It's like realizing that my time investments are not really in vain since there's a lot of stuff going on with it. :) Bah I think I get excited over nothing.
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e posibil sa fie si celebrul pump and dump:)
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The steem pump is good but how high can it really go and how sustainable will it be considering how low it is at the moment. I guess we just wait and see.
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Oh dear. I was going to buy some today although for the amount I'm after I don't suppose that rise will make that much difference. I still haven't got my Revolut account sorted at yet.
Don't panic Gillian! 😊
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Well if it isn't important, wait for it to go higher, then dip. I reckon you'll make a better profit once it's below the bands.
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LOL. I don't even know what below the bands means. It's all still very new to me. I've yet to make my first trade. 😊
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This pump is not relevant. Steem does not have a relevant position in the coinmarket, we need to be in the top 10.
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Steem moves on BTC backs. This can be someone buying steem to power up. Without more information, we are only speculating.
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what is the meaning of pumping?/ some one controlling the market??
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I think STEEM is completely under valued, as it's real value and real life people usage is much higher.
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"FLY STEEM FLY"..
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Well considering that pumps are usually followed by steep decline I'd be interested to see how high will it go and where will it stabilize after correction. #notafinancialadvisor
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You say not yet sure what the cause is. That indicates that we did know the cause of previous steem/sbd pumps. What was the explanation for previous times?
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Hope it will go really high, it has been so much since it fell from 8$ :)
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Seems like trade side has dominate the crypto market recently. Happy for Steem pump.
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Let it pump!
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I have a little stash of SBD that I just earned and im wanting to trade for STEEM, of course Im trying to do it strategically but Ill end up messing up, haha. I think a nice pump in price of STEEM is what we need around here to get the optimism flowing again :)
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Good time to buy SBDs and those who have already converted SBDs into STEEM would be very happy.
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I think SBD will be around $50 at the end of this year.
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Just another wet dream xD xD. But seriously, STEEM could cost 15-20$, SBD couldnt.
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Agree with SBD, but how did you come up with that price for STEEM?
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Hyperinflation or drinking the steemit punch.
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Why?
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Because the demand will be high as the platform grows.
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I was watching it pretty closely as well ,idk if we are out of the woods definitively but i like the volume.
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Steemians love it :D
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I pray to rise more.
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Steem is moving sideways since last many days.
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There's a vegan discord server. I think you'd enjoy it.
https://discord.gg/QsVz6z
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Hold on everyone! Looks like we are in for another ride with Steem prices :). Things have been too calm lately.
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