Steem shows stability amidst all the coins going down double digit !
A quick look at the coinmarket.com site which gathers all the prices from bitcoin and alter-coins shows that despite the market is red with all other coins loosing growd with a double digit pace, Steem shows a much better stability by losing only 1 % in the last 24h and even gaining 8% on a seven day basis.
Let's hope it will go this way for now :-)
Steem has a great price stability mechanism with it taking 13 weeks to power down Steem Power. I think Steem is slowly gonna move up the coin rankings. Facebook has a market cap of 530 billion dollars, while STEEM is worth 760 million. If Steemit was listed on a stock exchange, the news of reaching 1 million accounts would have sent the stock price soaring. Hugely undervalued.
I agree! Let's see how the SMT will evolve. I think that the success of SMT will be the next examination for Steem.
I'm glad to see that Steem is doing so much better than most cryptos these days. Maybe investors are finally beginning to invest based on the blockchain itself, and not the hype surrounding it ;)
Let's hope you're right :-)
I hope so as well. It would be great to see a move towards this!
nice, upvoted
Great !
Great content.
Upvote and Resteemit done
Great! Thanks :-)