STEEM is touching the bottom support that we hit back on June 29th at a price level of $1.09. We are hoping this level holds, but I'm not really counting on it. We're about to be making a lower low on this. The correlation with BTC is still strong and everything is still pulling back.
Don't be too alarmed here. I actually think this is a very good thing. STEEM is one of the best and strongest long term cryptos in my opinion. China ranked STEEM in their top 5 cryptos along with Ethereum. Personally, with STEEM at a low price, I'm super stoked at the chance to increase my holdings. If you look at the growth just on the last rally, it was about a 70% spike.
With the potential of STEEM, we can see longer term potential be huge. If STEEM gets to $10 (which is likely on the next crypto boom), we would see gains of 10x.
Anyway, enough rant....STEEM for the win!!
Thanks for posting this update. I’m thinking we should move up from here
yea tough to say. The correlation with BTC is always what crushes stuff. I'd love 50c STEEM -- PERFECT buying opportunity.
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STOPTo support your work, I also upvoted your post!
wooo thanks!
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