Do these markets make your head spin?
Being 'back' in crypto for the past 5 months has taught me......Always remember that it goes up and down, consistently. Never get too comfortable thinking you are in a bull market and don't fall for the FUD of a bear market.
After what seemed like weeks of being in the green, today the crypto markets saw a pullback when most of the top currencies saw a double digit loss in percentage. Shocking right?
All the news around the markets has been great but alas...It's the crypto markets. They make zero sense. Just make sure you have your seat belt fastened and enjoy the ride.
However....One project seemed to be in the green today and that's our favorite token of the blockchains - STEEM
At 1 pm Eastern time, we see STEEM sitting pretty at $3.55 per token.
(Via CoinMarketCap.com)
Not bad right?
A nice 3.84% gain while the rest of the crypto space seems to have pulled back today after weeks of what looked like a bull run.
Does that mean STEEM is immune to the markets and will continue to rise? I wouldn't bet the house on it, but I do bet on things I can actually use and again, that's why projects like this blockchain have my attention and focus!
If we take the 54 tokens we had on April 1st and each of them are $3.55...We're at $191.70.
Up from last week's total of $158.76.
Remember we started April 1st with $100 invested which bought us 54 STEEM tokens and we're holding....And will continue to hold!
Not bad at all :)
Still, this is a crypto currency so who knows where it will be at the end of the month....
Regardless though, one can't help but feel hopeful. There are so many new projects popping up on the STEEM blockchain and the news has been very positive. Combine that with a general 'good feeling' in the markets and I'm not too worried about this pull back today.
We will see!
