I read an interesting post earlier about how we can stop the price bleed by just having 5000 steemians pick up 240 steem which isn't much really, its a pretty achievable goal. I'm not too fussed on the price at all, I think that I am happy collecting stake at this rate long with second layer stakes.
I do think with SMT we can make staking steem a more attractive option and that we can see a price increase. I think that the project is ambitious and that we shouldn't concentrate on the coin value but the amount of development and activity on the chain as an indicator of growth.
There is most definitely lots of development going on. The layer two options have livened things up, and I think we are getting closer to a proper turnaround and growth in users.
I'll try to buy 240 STEEM over the next couple of weeks, that's a nice goal and if everyone did similar, it could make a difference.
If it goes below 20 I’ll join you in picking up 250 to do my duty! May pick up a bit more depending on when it happens!
I would like to prepare once SMTs come, we may see steem become a lot more scarce and these prices could be ones you never see again
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