STEEM cryptocurrency had a rather tragic 12 months since it pumped to around $8 or so in 2018. After falling month and month it has been delivering steady return over the past month or so.
Infact from a low of some $0.22 or so we're upto $0.45 at press time. It's just awesome and it's starting to look quite positive once again. That’s more than a 100% return in the first 2 months months of the year and we have a long way to go. Can we get some more of this please?
I'm hopeful for a positive 2019 even though an expectation for another BTC crash to new lows remains popular amongst some users. I'm just happy to see these positive changes in our favourite cryptocurrency.
It would be amazing if STEEM continues it's run upto atleast $1 before consolidating a bit. It would make a world of a difference for all the projects, communities and users on all the DApps on Steem.
It would also help community builders such as myself to continue to bring new users and help support them on the platform. It would also make a big differences to all the witnesses as well.
Fingers crossed to a great STEEMy year ahead! However, remember now is the perfect time to accumulate more STEEM as it's still super cheap and remains undervalued.
What price do you expect STEEM to touch this year. How do you feel in general about the projects on Steem?
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Why You Should Vote For Firepower As Witness—Witness Campaign Post From India!
- Steem.Chat Contest #68
I just want posting to be worth it again. That's all.
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One dollar would be good stable rate for steem.
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I agree. It would be good to get there for a start and move further up from there.
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Fingers crossed
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Hell it's about damn time!
More exchange listings for Steem would increase the price and volume, that would again place us in top 20-30 cryptocurrencies.
My only fear is Btc dumping again and going to new lows, that would be devastating for any crypto project, including Steem.
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Why not getting some awesome prices one last time?
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Would be fine by me.
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I feel like I helped. I put a solid 25k in my account in the last couple of weeks. Steem on!!
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My eyes wasn't sored by the bear market but this trend is definitely a sweet to my eyes.
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Lets cross fingers for more uptrend
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The demand for STEEM is still based mostly on expectation of future appreciation. This is at best high-risk venture capitalism. There is little demand for STEEM coming from selling products in exchange for STEEM. Steem Monsters cards come to mind first. Steemit Inc is generating some advertising revenue, which is very healthy and welcome and there are a few isolated examples of businesses setting up an account on Steem and powering up for the purpose of advertising their brand. One shining example of this is @coingecko that deserves all the love we can give it. Coingecko bought $18,000 worth of Steem in October and their goal is not to earn here but to make themselves known among Steemians. That's a wonderful example of the value proposition of Steem as outlined in the Steem whitepaper coming to life.
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go go steem!!! brings us more green candle please....
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$0.45 seem to be the current steady point for Steem
https://www.coingecko.com/en/coins/steem
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We need to forget about the price and get more users onboarded. With mass adoption, price increase will be an eventuality.
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When SMT testnet?
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I feel this is an artificial pump by Steemit Inc.
To increase the price of Steem, either demand has to increase or supply has to decrease. You might be observing that nowadays Steemit is paying more of SBD than Steem thus cutting down it's supply. Once rewards again start coming in Steem again Steem will get dumped. This is my opinion. I am sorry if I have hurt people's excitement.
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You are quite frankly mistaken on how the payouts happen.
Steemit doesn't pay us anything.
Steemit is just a DApp or user interface to the Steem blockchain. You can be using Partiko, Esteem, Busy, Steempeak etc and the results will be the same. The SBD debt ratio is what causes the blockchain to either pay out in STEEM, SP, SBD or a combination of these three elements.
You can read this post to better understand how SBD works.
The current trading volume per 24 hrs is $6,107,917 USD as per CMC which is pretty good considering the pump. I don't see how you can substantiate Inc to be pumping the price. Even if they are it's hard to tell without evidence backing it I guess.
I recommend spending some time and understanding how Steem and dapps on it work. :)
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Oh!! I am really sorry for that bakwaas. After reading that post, I got an idea of how it actually works. Thanks a lot for clearing this myth of mine. So Steem demand is actually increasing in market.
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Pretty good site after long..I already seen murmuring started on Steem....👌
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BTC rally still some time away...
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Thanks for the update buddy as i have left seeing market conditions but today after seeing this i was so happy hope to se steem at a minimum price of 1$.
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Yeeey :) Seeing this is awesome :) finally some greenery - we have this uptrend for quite some time. Hopefully we are recovering slowly.
Cheers
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Yeah. I feel the same way. But I'm hoping STEEM will recover a lot more in Sats before BTC makes any major moves up or down.
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Community growth is the only way I think make steem more stronger and durable in time span.
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I feel like I helped. I put a solid 25k in my account in the last couple of weeks. Steem on!!
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As long as we believe more in Steem, use and promote it, invest and invite other, it’ll go good with time!
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Same thoughts here
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yes!
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You got a 68.88% upvote from @ocdb courtesy of @firepower! :)
@ocdb is a non-profit bidbot for whitelisted Steemians, current max bid is 60 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our Discord channel for more information.
If you like what @ocd does, consider voting for ocd-witness through SteemConnect or on the Steemit Witnesses page. :)
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vroom vrooommm....top 20 here we come...
fingers crossed !!
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Last month I purchased around 500 Steem for 10,000 INR. The investment had been very fruitful because it has now become almost double. If the value increases by few more cents, it will be double. I feel a little low that I should have invested little more Fiat on this. But I'm definitely happy to see the value increasing.
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That's fantastic. It's likely in a year from now it will be a lot higher once the market moves out of the bearish phase. We aren't out yet but so far things have been great.
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