Steem seems to be trucking this morning, with no sign of a fault this afternoon as another example of an alternative coin that outstrips rivals in what would have been a week of slow gains. Yes, at the moment, a gain is a gain, but with some pieces that really jump, we have to start focusing on the real economic heroes of the day.
At the time of writing, Steem held $ 2.33, up 26.21% with a market capitalization of $ 597,966, 430.
Since the beginning of April, Steem has had a bumpy ride with lots of picks and troughs, averaging about $ 1.50.
If we go back to the famous cryptocurrency boom at the end of 2017 and early 2018, Steem reached a combined high of $ 8.12 before dropping to $ 1.40 in early April. Between January and April, Steem saw steady but steady declines, taking just over a month to see a dramatic decline in value. He tried to maintain but the weather meant that inevitably, Steem would fall below the magic threshold of $ 2.
If we go back to this week, where all the round things started to look more positive, Steem made regular increases up, except for a minor drop on Monday. This decline has been solved by an astonishing rise over the last three days, hitting a whopping $ 2.04 to $ 2.38 in a few hours today.
So, what's the next step for Steem?
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@jodi01 We hope it will rise like foam and stay strong like oak
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