According to steemitwhales.com there are 36 accounts worth over $1,000,000 in value. Out of those 36 accounts 5 of those are currently powering down. These top 36 accounts account for a huge percentage of the total STEEM in circulation. We have had a huge bull run in cryptocurrencies recently and STEEM wasn't one of those coins that benefited. I think some of the big players and whales are pulling out of Steemit and are holding prices back.
What can you do to help?
- Promote Steem and Steemit in any way you can outside of Steemit.com
- Buy Steem on your preferred Exchange and HODL.
- Don't power down your Steemit account
- Buy Steem on steemit.com using BlockTrades and Power Up your account
On the plus side this is a great time to buy Steemit, if you have any thoughts on why Steem isn't rocketing up with everything else please let me know in the comments section.
I think the price isn't rising because it isn't being talked about as much. When the price was hitting $2 we had people like Jerry Banfield promoting steemit like every other video.
Yeah I have noticed that too. Bitcoin and all these new ICO's are really hogging the media at the moment. If only we could pull the crowd away from Facebook and Twitter onto steemit.com...
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