Markets Be Like
Bitcoin has been such a dominating force on the entire crypto market in recent times. Every time it has moved up, STEEM has dropped in satoshi value, anytime Bitcoin has crashed, mostly STEEM has dropped value again. Fortunately, it seems to be holding up now.
Wouldn't it be great if STEEM could pump back up a and recover some lost ground? With the HF21 around the corner, a few users have asked me what I think will happen.
Frankly, it's anybody's guess seeing how STEEM has crashed in satoshi value over the past many months. But it would be great to see it rise once again and surely it can happen, especially if BTC reduces its dominance giving the altcoin market a room to breathe.
Seeing how alts have been rekt over the past year, I highly doubt the resurgence of a real alt-season anytime soon. At least the likes of what we witnessed in early 2018 after BTC had completed its bull run by end of December 2017.
Whatever may be the case, the next few months will be interesting for Steem with the new HF21 coming in and some changes taking place with that. As for the price, hopium is all we got that it will go up again. There's not a lot indicating that it will anytime soon realistically. So just gotta wait and watch!
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
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If you ignore the price of STEEM there are lots of good developments happening around here. Even steem.inc are getting their act together and getting work done. I'm very hopeful as the price doesn't reflect what we can see being built around us.
I agree, I just can't see changing the rewards so drastically will have a positive impact on price in the short term. That is of course unless someone is waiting in the wings to suck up a bunch of steem to take advantage of them. In that case the spike down would be short lived. That is a long shot IMO.
It's great for distribution. All those large accounts that had too much STEEM and dumping it now for a small price. There are lots of individuals powering up STEEM and when the price goes north will be in a great position. Way better spread out and all the while shit is still getting built.
I agree, I've been accumulating myself.
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I believe soon, the steem price will rise soon most especially with the huge effect of the hardfork that is coming, which will also help
This is an fentastic post .
i am waiting for smt mvp in September.
Since market crash people are only investing Bitcoin as most safest investment. I hope when Bitcoin price will crash those who sell on high price will again invest in their favorite Altcoin.