Good Morning!
This morning's Cryptocurrency Market Cap evaluation:
- 30 day rolling average of cryptocurrency market cap = Increase of $0.1 Billion per day
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I commented yesterday that I thought the price of STEEM was undervalued and the market pressure was holding it down.
https://steemit.com/steemit/@senseicat/steem-usd4-50-undervalued-senseicat
Well, while I am writing this blog, the price jumped from $4.40 to $5.40. The Steemit growth is still happening and hasn't stopped since the middle of December. I think the real price should be around $8.00. The cryptocurrency market has one more hurtle "Chinese New Year". If Steemit growth continues through Chinese New Year, expect the value of Steem to skyrocket.