Steem Price Up 20% today - what is happening?

in steem •  8 years ago 

I was surprised to see the price going up but not see any posts so far on it.

What is happening. Is it because of one banker? buying into steemit and the blockchain?

Look forward to your analysis and link to posts.

Thank you.

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Hard to say of course, but my guess is that someone is buying in to the platform in a big way...

That would be quite smart of someone indeed, if they had the money to invest "in a big way"! Funny tho, how all of us minnows and Steemians feel it's going to explode but don't have the money to buy $1,000 or a million worth, yet those that do aren't. Yet anyways. Hope that's not a bad sign that our faith and enthusiasm is dead wrong.

"no posts so far..." Ha! It's Saturday and we're all waking up and drinking coffee still ;) But I have seen one already...
Btw, Steem is back up to #7 on CoinMarketCap instead of #8 where it had fallen to for so long (from #3 when I joined).

It's just a chart and no links offered as to why, but here it is https://steemit.com/news/@abnerpasquini/steem-price-goig-crazy-34-o

Then I hope my favourite steem price analsyts woke up now and do their work :-)

Haha! ReSteemed btw, hope it helps!

It can't go down forever

yes, true. Acutally everything can go down forever even apple but it can also go up.

It may be partly inspired by Iconomi already listing Steem on their index... https://ico.iconomi.net/about-icnx-index

I did not watch Season 2 of Mr. Robot yet, want to binge watch it, but I did hear that the cryptocurrecy was highlighted. Curious.

Let's hope it's a trend. Steem has been in need of a boost.