Steem for the second week in continuation has shown positive growth. Last week after a minor pump in which the steem crossed the psychological barrier 10000 Satoshi mark for the first time in almost 2 months, steem has continued its positive growth for the second week also.
The value of steem has risen almost 20% in just about 1 day to record a 3 month high 12610 satoshi. The recent growth also helped steem to rise up 36th position in CoinMarketCap rankings. The last time the steem prices were this high was in last week of November when steem was trading above half a dollar mark.
Although it crossed the resistance lines at 11500 Satoshi mark but it is still to early to call it a permanent uptrend.I am expecting one more slight dip before steem stabilises 11500 satoshi mark.
In anyway if we look at the last two weeks the signals have been hugely encouraging and positive. Hope this trend continues and helps steem regain it's old glory till them keep creating good content and enjoy steeming.
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