Steem clawing its way back - Climbing up the list on Coinmarketcap!
Steem moving up the ranks on Coinmarketcap.com!
After languishing around the 50th spot on coinmarketcap for what seemed like months...
Steem is finally making a serious charge back up the ranks!
At the time of writing, steem is sitting at #36 on coinmarketcap:
(Source: https://coinmarketcap.com/)
Steem is showing great relative strength!
Not only is steem climbing up the ranks on coinmarketcap, but it also showing great relative strength.
Relative strength is just a measure of how a coin (steem) is doing in comparison to others.
You can see from that screenshot above that steem is up roughly 18% on the day, more than any other coin around it.
In fact, steem is up more than any coin in the top 50!
I am not sure if this has anything to do with the recent exchange additions for steem or it's completely unrelated...
Either way, it's nice to see!
Would love to see steem break through $.50 in the near future here...
Stay informed my friends.
-Doc
Finally ...
Better late than never?
more important for me is to reach a higher decentralization and censorship resistance :)
Perhaps that first part, but not sure about that second part.
i think a kind of self regulating space with freedom speach
That would be nice, if governments would get out of the way long enough to let that happen.
Go Steem Go 👍💰👍
To the moon!
It's weird for just one crypto to pump...Total marketcap is more or less the same, so it's probably just money moving around trying to fish someone to buy before dumping on them, but let's wait and see, next 2-3 months are critical to spot a reversal or a further dump. If I happen to spot early signs of a reversal I might deploy my money in and be over with this wait...
Very possible and probably likely. I don't care if that is the case or not as long as they run it up high and then it holds a higher floor when it comes back down!
Oh, I'm sure that the next time we have a bull market Steem will run really high and hodl a much much higher floor...
I'm becoming dyslexic from writing "hodl" too much, I now do it without actually wanting to...
Haha that is pretty funny. I think you are right... The only question is, is the bull market starting now or this just a blip?
Let's just hope the steemit blockchain is ready for the next wave of newcomers.
They have to have been doing something the past 2 years right?!
Yeaaaa dear, Optimism is the faith that leads to achievement. Together will enjoy our hope. Cheers!!!
Hopefully.
This is a 3rd wave completion...let’s see a small correction coming
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Where do the waves say we go next?
On Elliot Waves Theory and my last post 😂😂😂
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Where do those waves say we go next?
IMO: 3rd wave Up completed at 0.5USD or almost completed, 4th wave correcting to 0.43, then last 5th wave up to 0.56...
Of course it is just based on FIBO levels and previous grounds.
Just an scenario of possible path to follow.
Steem on.
Cheers
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Are you trading based on these numbers?
I do, yes, adding stop losses of course...
Also right now I converted my liquid Steem to SBD, so I can get more when Steem corrects...
That makes sense to you? 😉
Do you trade STEEM to get more?
Not a bad strategy as long as the SBD somewhat holds, or at least doesn't fall as fast as steem. I trade here and there to gain more steem yes.
The steem Bears might pull it right back down @jcornel and that is in steem's history.
I would not bet against that happening actually...
sweet!i think it deserves to be much higher than around 50😆✌
I would love to see it within the Top 20 personally!
It does seem that everytime more liquidity is added, prices improves although it is interesting that it just leads to more Steem on exchanges instead of powered up which is concerning.
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Yes and no. I mean that steem has to come from somewhere, IE buying. Then once it is on the exchange there has to be a certain amount on there at all times to maintain liquidity. So, it may not be powered up but it is quasi locked up.