For what I understand of this enviroment, that is not much if the STEEM is being printed at for example idk 20% more or less (decreasing), it's logical that the coin will be devaluated periodically.
The rare thing it's what happened yesterday, with all markets in red and steemit down but the steem bullish, I would like to read some explanation for this.
There were some pump groups pumping it, but if it breathes fresh interest into the coin, it may hold. The whole market is now looking around for working projects with real adoption. The time for fancy projects with no credentials or product are over.
For what I understand of this enviroment, that is not much if the STEEM is being printed at for example idk 20% more or less (decreasing), it's logical that the coin will be devaluated periodically.
Current rate of STEEM inflation is less than 9%. Most of the devaluation is down to the wider bear market in all currencies in my view.
I think the market will try and shake out the weak projects and weak hands.
Once that's done, we may see steem pickup
The rare thing it's what happened yesterday, with all markets in red and steemit down but the steem bullish, I would like to read some explanation for this.
There were some pump groups pumping it, but if it breathes fresh interest into the coin, it may hold. The whole market is now looking around for working projects with real adoption. The time for fancy projects with no credentials or product are over.
This is where steem stacks up well
That makes sense, also the falling of ethereum is opening a great oportunity window to other crypto. Thanks for the answer.
Congratulations @kabir888888! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!