In a much expected turn of events, STEEM started a rally yesterday and went on fiercely from 27k satoshis to 30k satoshis. A 10% appreciation may not seem big in the crypto universe, but the latest events put a lot of pressure on the market and the dynamic is a bit lower.
Another positive to be recorded is that @poloniex and @bittrex are now aligned, even in terms of volume. With roughly 600 BTC (more than $2.4 millions) in the last 24 hours, this move seems to be a consistent one towards an upward trend.
Just 3 days ago I shared with you my hunch about a market turn. This time I was lucky and the market really turned, but please, do not trade based on other people hunches. Never. Ever.
With that being said, I'm really, really looking forward to see STEEM again hovering around 100k satoshis, as it did back in June.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
Good to see Steem trading well. I'd rather see a steady climb than huge jumps. I want any gains to be sustainable.
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I hear you.
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This is confirming my trust that steem is the right path to change the way how we see the future of social media.
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good news today, thanks for sharing.
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Why does this always happen to me? Just traded some steem to buy bitshares two days ago, and the price increases the next day. The crypto gods are not on my side!
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I thought that this only happens to me, lol :)
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First time you hear about Steemit.
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very good price increase ...
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i just wish this goes like this and both bittrex and poloniex made it possible to reach new heights with their exchange open for steem :)
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@dragosroua.
What has happened to steem.supply ?
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Nothing, it works for me. What error do you get?
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thx for the updates 📢 👍
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great news plus even i use bittrex and poloniex for trading :)
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Is it safe now to use polo for steem? o'm scared that there's somethings gomna happen again
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Do you think steem could hit $10 in a year like some people say?
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it's on a winning streak, i'm starting to feel flush again (-:
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@dragosroua,
I wish Steem will be at $1.5 level soon :D Nice analysis friend!
Cheers~
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