it's more likely for the price to go down than up, as many bloggers and traders want a cheaper price, bloggers for steem power, and traders who missed the last cheap price. Plus there are many steem power downs that will start being available from today and over the next week, if that steem hits the market it could drive the price down.
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Well all I know is it's giving me more time to progress my way to becoming a whale. I think it's all for the better of steemit.