Market Remains Stagnant

in #crypto6 years ago

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Bitcoin is stable; it has held relatively the same price for a couple of days and is hovering at around $6,300.00. But of the top 100 market cap coins only 6 are slightly in the green all others are right now at least a little below where they were yesterday at this time.

Unfortunately for us, Steem is one of the coins that has slumped farther, it is now at less than $0.90 per coin. SBD on the other hand is where it should be according to the witnesses hovering around $1.00, so SBD market cap is way over the 5%, which is at the point where you stop receiving SBD in your payouts.

This is unfortunate for us since as we aren't receiving SBD payouts, we can't even cash in on the low price of Steem.

Well that is life you win some you lose some, mostly you lose though.

I still think that BTC's market cap will go below 100 billion at some point in these days, now where Steem will go is anyone's guess, it relatively isn't following BTC because Steem's fall in price has been way most pronounced than BTC's, so I guess there are other, probably outside factors, that are influencing Steem's price, probably one of these is the approaching appearance of competition by the EOS social platform.

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70597.89
ETH 3559.60
USDT 1.00
SBD 4.77