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RE: All in on Bitcoin: BTC Thrives While Altcoin Market Tanks | Cryptocoin Spy
It is but I feel like it still needs a lot more buyers to support the price from falling lower. There are over 100,000,000 liquid STEEM in circulation (about 1/3 of total supply) and that is quite a bit! This allowed sellers to dump onto the markets over the past few days while BTC slowly cannibalizes its children.
You have a good point but Steem will succeed in the long run. :)