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RE: STEEM price falling by 8% per day, barely remains in the top 100
Steem is fallimg more than other coins because the devs at steem inc keep selling. They get paid in steem and sell to live their expensive lifestyles. Other projects devs are doing the opposite right now.
Well it's hard to have any faith in a currency or blockchain if the original users and insiders are bailing out!
When steem incs holdings shrinks enough than the sell pressure will stop.