Hello dear readers!
These weeks we have witnessed how the BTC to scale and if you want, has stabilized in a band that includes 10 and 12 thousand $, something quite good. Since I came to know the cryptocurrencies I read that BTC is the one that marks the price of the other crypts, understood that if BTC lowered its price the others did, and if its price went up in As all the prices went up, today I think that this theory is not completely true or at least for now, the other cryptocurrencies are adopting an "independent" compartment of BTC.
The approach that I bring is based on the low prices of STEEM in recent days, so I would like to know the opinion and analysis of the experts regarding this steep decline in the price of STEEM. My question would be: What is causing the fall in the price of STEEM?
My Personal Analysis.
One of the things that I read and learned when I learned about crypts is that cryptocurrencies are based or supported by people's trust, that is, the most used cryptocurrencies, acquired, retained and exchanged by people, these are supposed to maintain or increase its value, according to that logic of support.
The blockchain of steem, in my opinion is at a great moment in terms of development of innovative projects in operation and projects to be developed, this indicates that there are people investing in this chain, trying to do business, adding value to the blockchain which should have repercussions in the arrival of more users to the chain, increase the traffic and consequently influence in some positive way the price, of course, it is only my personal opinion.
In Steem Apps, on your Daily SteemApps.com Report - Thursday, 11th July 2019, we found that in the steem blockchain there are 78 apps in operation, steemit being the most used, although it is true that it does not have millions of users interacting daily in the chain, all this activity should in some way add value to the native token of this chain called STEEM, which is not it's happening.
In 2018 when it reached this platform the STEEM was in the 30th place of all the cryptocurrencies according to Cointmarketcap, and now it fell to post 79, losing 49 positions since then, now, What is causing the fall of the price of STEEM?
There is a worrying situation around this cryptocurrency and I do not know if we are in the capacity to help his recovery, but if there was anything that could be done, I ask: What can we do to help in the recovery of STEEM? Can we do something or are we facing an irreversible fall?
I am anxious to know your opinion about this topic, we wait for your suggestion and your conscientious analysis of everything that happens around STEEM and the fall of its price. I will respond to each of your comments, clarifications, corrections and suggestions.
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