This is SHOCKING!!!
Since I joined Steemit site, I haven't seen much rise in the value of STEEM and SBD (Steem backed dollars). On the contrary, since my joining the price has come down to almost half by now.
It's a matter of study that why prices are falling down. The steemit community is rising great! More members are joining daily and lot of interesting content is being generated. As the community is growing, the demand of STEEM and SBD should have increased raising its value but opposite has happened.
One thing is there, all the coins are seeing downward spiral currently. The market cap of cryptocurrency including Bitcoin reached around $110 Billion before couple of weeks which has come down to around $90 Billion currently. May be overall bearish sentiments of the market would be affecting STEEM and SBD to fall.
Hope to see the recovery in prices soon. Waiting for STEEM and SBD to reach in double digits soon!
Do let us know your expert opinion in comments.