At the time of this writing, the value of STEEM stands at less than 1.44USD. https://www.coingecko.com/en/price_charts/steem/usd (This may have changed by the time you read this.)
How will this effect users? I think there will be some who decide to leave the platform because they are not making significant rewards. However, there are those of us who will continue to blog regardless in the drop of price.
Long term Steemians will note that there was a much more significant decrease two years ago when the price was a mere $0.254. Personally, I think two years ago would have been a wonderful time for me to invest, although I am not giving investment advice to anyone. I am sort of looking forward to another drop and then the oncoming rise in value as seen throughout all trades and exchanges.
There's truly no need to fear the drop in value but take this as an opportunity to learn how cryptocurrencies fluctuate and how to improve your particular blogging niche, whatever they may be.
What do you think of the ongoing changes and fluctuations and how to do you see this impacting the Steemit community?
