Hi everyone. Mass-action here with another steem price update. The last month has been amazing for Steem!!! Finally!!
Here is a graph of Steem price from coingecko.com. You can see over the last month the price of Steem has doubled, going from ~$1 to ~$2. I don’t know if the reason for this is Steem is riding on the coattails of Bitcoin or what, but I will take it ever time! It is about time. Steem has been stuck in around $1 for a long time now.
Here is the 90 day graph where you can see what I am talking about.
Where do you think Steem goes from here into the rest of the year?!? Can we keep it up? Why do you think there has been his sudden surge in price? I would love to hear your thoughts.
Another interesting observation is the SBD/Steem price has plummeted. Here is a snapshot of the current market.
You can see the ratio is about 0.3. Historically, it is closer to 1 or even higher than that, say 1.2-1.3. Is now an excellent time to get out of SBD and into Steem?! I have to imagine yes, but maybe there is more room the drop. What are your thoughts?
Thanks for reading. All upvotes and resteems are greatly appreciated.
@mass-action I think the price of STEEM is going higher and I like what @jerrybanfield has said about STEEM and his investment in it.
i think steems rise is from money pouring in from btc and sbd
Steemit is a great place where social media meets cryptocurrency. While BTC increases it is usual for people to look at alt currencies and ones undervalued like steemit especially when social media is involved.
it doubled twise look here : STEEM DOLLAR IS MORE THAN $6 , it's really crazy, we have to do our best to earn a lot of steem dollar, I hope it will not go to the old price again !