Here are the numbers for you. STEEM is doing actually really well, when you consider 99% of the market is running at a LOSS in the RED and that about ~95% of the market is actually in DOUBLE DIGIT LOSSES now over the last 48-72 hours. Keep reading!
The markets have been bleeding RED for a lot of the last 3 days! STEEM is down but I think because the currency is backed by US -- the people and community /content, which are the product or backing so to speak, we are doing OK!
Today's Crypto Currency Market Overview stats via CMC.com (CoinMarketCap.com)
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787 Currencies / 135 Assets / 4387 Markets
Market Cap: $94,771,142,981 / 24h Vol: $5,559,941,943 / BTC Dominance: 42.5%
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Look, we have lost about $~20B in total Crypto Market Cap the last ~72 hours, we know this. We were back up to around $116B and now we are at around $95B. STEEM currency is doing better than the market average in a bad time!
Super news!
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All the numbers are right here in the CoinMarketCap charts commonly referred to daily in the Crypto Sphere: Sorted by Market Cap. rate and showing the Top 20 coins:
Look at STEEM hanging in here at the #14 position and only down 7.75% in the last 24 h. period after all this bloodshed!!!
On a day like today, would you not take remaining in the Top 20 coins sorted by Market Cap, in a bloodbath????
That is good news!!!! On both counts!!!! Look:
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1 month chart is the best breakdown of this, given the recent "highs" not long ago to today's 'low" -- See a trend??
The GOOD news here, which is the 3rd piece of good news is that the trend shows STEEM trending basically sideways around the $2 USD mark!!!
Right?????
Guess what other coin has been trading sideways the last while too, and has about the same amount of losses as STEEM today and recently?
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Yep, Bitcoin. Not too shabby, look at the 2 charts that look nearly the same! (:
Thanks for reading, have a nice day.
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Some of my recent blogs:
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https://steemit.com/steemit/@barrydutton/official-poll-results-just-in-steemit-wins-again
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