Recently we saw BTC Drop from just over $20,000 down to just over $10,000 per BTC.
Following BTC STEEM also saw an all time high within the same time frame. Then saw a 6 week low when the prices of cryptocurrencies dropped.
Now, just take a look at BTC...
Still a little above $11,000 per BTC and that is after a week of being around $10,000 after have fallen from $20,000. So we saw a 50% drop and then a 10% bounce back...
Now here is the exciting part... Take a look at STEEM!!!
We saw Steem rise to over $8 per STEEM and then fall to below $3.60.... butttttt, then we saw a bounce back as well. A bounce back to over $6.41 (24 hour high as of right now) and stabilized at around $6 as the charts above reflect. That means it almost tripled in price then dropped only 35%. Now if you look it is already climbing again and almost back to where it was doubled.
I guess what I am saying is not only is there more money to be made for big time investors but STEEM is being traded and percentage wise valued a lot more than BTC.
This is HUGE... Why you might ask? This means that more and more people are seeing the value of STEEM and the value of this awesome social platform and flocking to it... but they aren't just here for the money like the bulk of the people you see getting into BTC. They are here for much, much, much more. This is not only helping to stabilize the value of STEEM but it is building the community which in turn continues to help STEEM grow... and quite rapidly if you ask me.
This news should be very exciting to everyone... but wait... there is more....
STEEM IN TOP OF ALL CRYPTOCURRENCIES!!!!
As the above screenshots show. Not only are gaining value but we are gaining fame and traction in the world. Even several marking websites have us ranked in the top cryptocurrencies in the world. As you can see one of the big ones have us now at #25 in the world.
This is not just big news....
This is a reason to stay here, blog, share your life... earn and most important of all. Keeping building the community!