Unfortunatelly in a short term I strongly believe that STEEM will dive down and we're about to hit ATL (all time low).
That could be true considering the rising BTC dominance, although I doubt if we will see 10 cents and below.
There is just to many users who decided to give up after hf21 and started powering down. @chbartist is an excellent example. No more posts in last weeks and 15k SP being powered down.
There is just to many users who decided to give up after hf21 and started powering down. @chbartist is an excellent example. No more posts in last weeks and 15k SP being powered down.
@Chbartist is truly powering down, the same way several other users like @exyle and @anomasoul and even me are powering up. Whether the price is up or down, power downs and power ups will always happen.
Also it's hard to tell how SMTs could affect price of STEEM in a long term. I understand that we will have to purchase some STEEM in order to launch SMT. But that would be only one-time payment. Any idea how are they planning to play it out?
SMTs will be a game changer like ETH was for those launching ICOs. Many projects will come on board and they will leverage on Steem.
Thanks for stopping by.
Hi @gandhibaba
Indeed. However it's worth to summarize amounts of power downs to realize that it's increasing right now and those who are powering up will have VERY difficult time to balance out selling pressure.
I really hope you're right :) I'm also quite optimistic about SMTs
Do you have any statistics to support these assertions? @Steem-data reveals that there were excess of power ups yesterday. I am curious.