Usually, this is the part where someone pulls up a chart of the STEEM cryptocurrency and tells you that we're going to the moon. But to spice things up a bit, we're going to use some statistics.
Here are some intriguing facts about the STEEM altcoin:
STEEM YTD Stats
High of this year: $8.57
Low of this year: $2.62
Average price: $4.72
Number of Up Days: 28
Number of Down Days: 36
Average Performance (up days): 11.79%
Average Loss (down days): -8.20%
I just can't help but notice that despite a fairly wide variance between up days and down days -- 28 versus 36 -- STEEM on its bullish days is up nearly 12%, whereas the magnitude to the downside is slightly more than -8%.
Uh, hello! That's some seriously positive sentiment for STEEM, which I found surprising. You'd expect more bearish magnitude since people are selling STEEM more so than they are buying it on a frequency basis.
Yet the numbers don't lie -- when investors buy STEEM, they do so with gusto! :)
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