Finally we got a breather after the BTC correction destroyed our nice little uptrend to 4$ two weeks ago. Bringing STEEM price down all the way to 2.2$ we had a tough week behind us but overnight Steem gained 500M in Market Cap and 70M in Volume increasing it's price to 6$ per STEEM!! What a great way to end the downtrend and start off the New Year, isn't it?
STEEM Market Cap
Last 24h
SBD might not be doing as well as STEEM but is still increasing nicely
Last 24h
While currently at 9.7$ we've had a high of 11$
I can't tell what is causing this and how/why we are getting such huge volume spikes but I'm not complaining :) If you know what is behind this please leave a comment below. If not hit the resteem button so we get more eyes on this. I would really like to know and I'm sure that I'm not the only one.
Best anwsers will be highly appreciated and rewarded.