Steem vs. USD
The price of steem yesterday was indeed heavily oversold, as we saw the price dip below $1.45 before springing back up to previous prices in the $1.80-$2.00 range.
Social media is full of fanfare today as people woke up to green portfolios. The sentiment of "I hope prices drop again so I can buy more" is picking up, which for me at least is a welcoming sign that confidence is pouring back into the cryptomarket.
There are of course those who are saying (or parroting) that the price has to keep going down, which for Steem authors it doesn't really matter. In the market cycle of emotions, there is always disbelief before and even after the prices start climbing again.
Steem vs. Bitcoin
Steem stopped at 20,000 Satoshis before reversing yesterday, a bit higher than I expected, but the bleeding has stopped for now.
Steem Stats
| Last Closing Price | $1.83 |
|---|---|
| Price 1 Year Ago | $0.198072 |
| 1 Year Growth | 923.91% |
| Marketcap Rank | #28 |
| Last Closing Marketcap | $460,567,000 |
| 24 Hour vs. USD | +20.36% |
| 7 Day vs. USD | -16.35% |
| 24 Hour vs. BTC | +10.01% |
| 7 Day vs. BTC | -13.65% |
Thank you for reading. Try to keep your head attached in these crazy and blood-thirsty crypto markets.
Some of my more educative posts:
For Dummies: How Steem Post Payouts Work
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