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RE: Why the price of Steem is surging.

in #steem7 years ago

Both good points. I hope you're right. You're definitely right about the logic behind powering down. It doesn't make a lot of sense.

One nice thing about not being on many exchanges, it's not easy enough to get for there to be too much speculation. That said, it has still traded over $90M on bittrex over the last 24 hours which works out to somewhere north of 15M+ coins changing hands. Probably closer to 20M. That's a really good number. Almost 10% of the "float". That's very bullish for the future....we'll see.