Has positivity returned to Steem chain?

After clouds sunshine!

Steem has been through chaos due to severe crypto winter, Hive account@steemit firing 70% employees, postponement of much vaunted SMT, Hive account@ned's long absence, Hive account@steemit's power down, possible fork to null Hive account@steemit's instamined stake etc.

Steem went to low as 21 cents, 55 ranks in CMC and negativism was ruling all over the place.

Now these chaoses created dramatic movements- mostly in positive direction. Fearing out isolation, Hive account@ned became super visible in radio shows, discord channel or slacks. Paradoxically, price of Steem was rising without any clue. Even rumors have become positive such Samsung buying out Steemit. Steem returned to rank as high as 39 and price doubled from the bottom. A steem alliance is formed to organize the developments of steem. Everything looks in motion.

Looks like order comes out of chaos!

Will community, thought leaders, visionary Hive account@ned and stakeholders can keep their enthusiasm in coming days to make Steem great again. Steem is still undervalued. It has still large sell pressure due to inflation and algorithmic sell from Steemit. Release of SMT and Oracle look eons away.

However, we have to win the game one step at a time. Steem is still one of the most scalable blockchain. Though onboarding was decentralized, we still have to develop tools for mass adoption. We have large numbers of DApps, but are we attracting large number of new users. Steem's node cost have to fall down to massive adoption exchanges. Finally, Steem has to be attractive to investors so that it rises in the market cam in the CMC.

Steem with its dedicated and caring community, chaotic but visionary leader Hive account@ned and already competitive technology has better chance to survive this crypto-winter than other shiny, hyped and pompous blockchains.

Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.

Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
Hive account@riseofth
Cryptominer since 2013, occasional trader and tech blogger