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RE: Why the price of Steem is surging.

in #steem7 years ago (edited)

I find it strange how 10.000 people ( that's the new active users in the last couple of weeks) can double the market cap in just a couple of days. We are talking about a 700 million dollars increase in market cap in just a few days. Also the 24 hour volume increased by about 80 million. If you divide 80 million by 10.000 you get 8.000 dollars per new users. That's a lot of money no matter where you live. Let's say that a lot of that money comes from speculators. Even an average of 1000 dollars per new user is a lot to invest in something you don't even understand.
I hope you're not annoyed by my insistence on this subject :) I just think that larger forces are preparing to capitalize on something big that is about to happen and the numbers paint that picture.