Steem vs. USD
The price of steem yesterday was indeed heavily oversold, as we saw the price dip below $1.45 before springing back up to previous prices in the $1.80-$2.00 range.
Social media is full of fanfare today as people woke up to green portfolios. The sentiment of "I hope prices drop again so I can buy more" is picking up, which for me at least is a welcoming sign that confidence is pouring back into the cryptomarket.
There are of course those who are saying (or parroting) that the price has to keep going down, which for Steem authors it doesn't really matter. In the market cycle of emotions, there is always disbelief before and even after the prices start climbing again.
Steem vs. Bitcoin
Steem stopped at 20,000 Satoshis before reversing yesterday, a bit higher than I expected, but the bleeding has stopped for now.
Steem Stats
| Last Closing Price | $1.83 |
|---|---|
| Price 1 Year Ago | $0.198072 |
| 1 Year Growth | 923.91% |
| Marketcap Rank | #28 |
| Last Closing Marketcap | $460,567,000 |
| 24 Hour vs. USD | +20.36% |
| 7 Day vs. USD | -16.35% |
| 24 Hour vs. BTC | +10.01% |
| 7 Day vs. BTC | -13.65% |
Thank you for reading. Try to keep your head attached in these crazy and blood-thirsty crypto markets.
Some of my more educative posts:
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My man keeping an eye on things for us!
Doing my rounds this morning, I noticed @jasonschick with some of the same sentiment and reminding me that this is a good time to buy some cheap steem to gain some ground on the SP goals I have.
https://steemit.com/cryptocurrency/@jasonshick/why-the-price-of-crypto-going-down-is-a-good-thing
Gotta keep sane and hold strong so we are laughing in the summer!
good informations @briggsy for crypto
thank you for sharing
The chart Steem/USD telling us that it may continue down.Very sad.
The chart is actually saying the opposite, but if the price of steem dropped by a large amount, I and a lot of people would be clicking our heels.
its 2.045 now. since i am not able to invest i am happy for the rise up as an author