Steem's relative out-performance continues!

in steem •  7 years ago 

Over the past few days, the crypto markets have gotten hammered, and not in the good kind of way.

Though, there is one slight glimmer of hope.

Steem is moving on up:

As you can see Steem now sits at number 28 on the market cap list, even getting as high as number 27 a little bit ago.

Over the past few weeks/months it has resided right near the 32nd position pretty consistently.

This is significant in that the higher it climbs, the more likely it is to attract more money as it is seen as one of the more legitimate coins.

It kind of becomes a self fulfilling prophecy. 

People buy it because it is highly ranked and it is highly ranked because people are buying it.

Plus there are probably at least 15 other coins still ahead of it that should not be...

Looking forward to the climb!

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Bithumb is listing Steem, depending on one's stop, that should help that level I pointed out hold, but if Bitcoin continues to go down, all bets are off.

Thanks for the heads up! That is very big news!

Resteemed @steemeely.
Have a good day.

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Upvoted!! thanks
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