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RE: Looks like steem is back online and the market is happy
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