The price of steem is popping on exchanges, although that may be mostly due to wallets being down.
The price of steem is finally trading for over a dollar on coinmarketcap:
(Source: https://coinmarketcap.com/currencies/steem/#charts)
This is the first time this has happened in quite some time.
Just about a month to be precise.
Though, it's not quite as good as it seems...
Looking a bit deeper we can see that steem is trading for quite a premium on the Huobi exchanges.
Take a look at this:
(Source: https://coinmarketcap.com/currencies/steem/#markets)
As you can see, prices are elevated significantly on the Huobi exchanges.
Which is causing the price listed on coinmarketcap to be quite a big higher than it is showing on many of the other popular exchanges.
However, the good news is that the price premium does seem to be pulling prices up at other US based exchanges as well.
Are steem wallets being disabled causing the price spike?
Yesterday I stumbled upon something that said most of the crypto wallets on exchanges for steem were down currently.
Whether that is true or not I have yet to confirm.
If it is it would mean that most of the price increase is likely "fake" and of not much benefit to current steem holders looking to make some trades.
Though it does seem blocktrades is still taking steem and sbd transfers, so there is at least one working exchange.
Has anyone tried using any of the above listed exchanges, specifically Huobi?
Are all the steem wallets disabled on all the exchanges currently?
Let me know in the comments below.
Stay informed my friends.
Image Source:
