Not sure why it rose. Many coins did at the same time. However, the nature of Steem Power means that people cannot mass sell when a high price is hit. It takes 13 weeks to power down to get all your steem back. And the curation incentive should keep people adding to their steem power. The problem I have is that Steemit has become a full time job for me now, so I must sell a bit of Steem every week just to pay for life!
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