I remember when I joined Steemit newly back in 2017. I did not need any further convincing from anyone to join; the price at which Steem was being pegged at then moved me a great deal. But recently, we have been experiencing some sort of serious dumping in the price of Steem even when Bitcoin has been pumping a great deal.
This made me to wonder; what really controls the dollar price of coins? At what instances does it pump and dump?
Because I really don't get the concept behind the dumping and pumping and would love to know. The steem low price has lingered for such a long time and this is not helping in the process of inviting someone to join.
What I'm I trying to say?
In the quest to achieve mass adoption, the price at which the Steem token is being pegged at really do matter a great deal. So, if there is any way the Steem price could be pumped then it will be a good bait to catching more users on the blockchain.
Let's Promote Steem
Steem still needs promotion, so in our work places and localities, let's put in effort towards the promotion of steem. Tell a friend to tell a friend about Steem. This will help steem a whole lot.