Altcoins are showing weakness against BTC. Steem is now 33 cents but BTC ia still $5200 while steem was 55 cents when BTC was $3600.
One of the reasons is that Steem's trading volumes sucks. Probably steem is not arbitrable in exchanges. Traders gather to coins where volume is attractable. At the end of day new buys come from large pension funds and new funding from savings. Very few money is entering steem. Steem needs a good branding outside of steem eco-chamber to attract new money. Few leaders from steem should buzz outside to bring people steem and also keep them enchanted. Ww have seen few effortd. We need more of them.
For me personally, I don't like frequent trading in cryptos but testing my knowledge in stocks. I have entered little bit wrong time to Sprint. My average buying price is at $5.69, it is hivering from $5.5 to $5.6. The merger with t-mobile get delayed until 29th July. Therefore, Sprint can bump up little bit from hubbubs on merger debacle and it is very much in oversold territory. I am looking for an exir at $5.70s. There is a good chance of a surge if few good news come from Justice dept and FCC. But is too risky.
