Cue The Music, Or...?
On the eve of HF 20 with the witnesses reaching consensus again after a snag in the works stopped the STEEM blockchain last Monday, we have the above chart, according to World Coin Index.
There's been enough pump and dumps of STEEM/SBD over the last several months since I've been watching it more that I'm not getting overly excited about it, but there some things to noteworthy.
24 hour volume, while not into record territories by any means, has been steadily rising from hovering above and below a million throughout a lot of the summer and now into September, to over 2 million the last few days, to now 7 million as of this moment.
The other thing that I find interesting is, the rest of the crypto market has not jumped accordingly. Even off a high, STEEM apparently is still at a much higher percentage climb while Bitcoin, Ethereum and others are experiencing more lateral movement with a downward trend at the moment.
Could this be the start of the good news we've all been waiting months for? Or is it this just another one of those blips?
It's also worth mentioning that the price of SBD is currently trading lower than STEEM, so the inversion is reversed for the time being.
Houbi seems to be leading the charge with prices above $1.15, with Binance at $1.00. Hitbtc, Bittrex and Poloniex all show under $1.00, but up from $0.85 average I saw on Saturday.
As of right now, volume has increased above 7.3 million, so it's continuing to rise.