With BTC hard fork off the table, Steem has come alive!

in #steem6 years ago

A few hours ago it was announced that the segwit2x proposal is off the table.

The price of BTC immediately shot up, but has since given back most, if not all, of those gains.

The most interesting thing though is what is happening with the price of steem:

As you can see it is back near $.95 for the first time in a few days, but the biggest surprise is the volume.

Check out that volume explosion!

What that means, well what I hope that means, is that money is going to start coming out of BTC and start moving back into the most promising altcoin projects.

Hopefully one of those is steem.

We will know more over the coming days.

Another thing to keep in mind is the fact that we are most likely past BTC forks, at least in the short term. That is important because a lot of money seemed to leave steem and others to get into BTC due to the allure of free coins.

Now that we are passed those, will money come back into steem?

Let me know what do you think, will steem start to rise now that we are past all the hard fork drama (at least in the short term)?

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Nice post. Thank you for sharing :)

Good catch. Give us an update in a day or two. I'd like to see the $1 line hold.

Let's hope for the best for Steem that is for sure !

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