Ulog #103: Steem Sinks Further

iyanpol12 (71)in #ulog • 5 years ago

I was doing my stuffthis morning until I saw the news in one of the group chats I am a part of regarding the price of Steem. It's disheartening to see that the price of Steem sunk further.

This is the lowest point I saw from Steem since I joined August 2017. Yes, Steem may have started at lower price but it's disheartening to see the price compared to its peak.

Even SBD which has been steady at $0.8 zone dropped further to a low $0.58

This is no surprise though because even the number one cryptocurrency Bitcoin even dropped at a low point.

Could this be the bottom? I cannot say but we're hoping it will go up soon. It's not a good December for all but we're hoping to at least recover.

So what do you think is the cause of the sinking value? I read from a crypto analyst that the BCHSV and Bitcoin Cash ABC has war didn't end yet, and might be one of the factors. I am not sure about that but it makes sense.

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You can also give him witness voting decisions on your behalf, visit https://steemit.com/~witnesses again and type in "surpassinggoogle" in the second box as a proxy.

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