About Steem
Steem bills itself as 'a social blockchain that grows communities and makes revenue streams possible for users by rewarding them for sharing content'. It also powers real applications via social apps like Steemit.
Steem also powers real applications via social apps like Steemit.
Steem start out as the cryptocurrency on the Steemit platform that rewards users for community building through the upvoting and the posting of meaningful content. Founded in 2016 by Ned Scott and BitShares creator Dan Larimer, the Steemit platform, built atop the Steem blockchain, is a social media network that seeks to be a source of community-driven curated content such as news, Q&A and job boards. The more value a particular piece of content is able to deliver across a greater number of people, the greatest the reward received by the creator. Steemit users can cast votes to create a hierarchy of content. The higher the upvote count received on a content piece, the more Steem is earned by its publisher. Steemit’s meritocratic system also enables users that hold more currency to cast more meaningful, greater influence votes.
There come massive selling from whale player and the market start to going down again . But , this is always happening in any market out there right now . The logic , after rumor or selling at certain market price , the market price will follow the real trend .
The good thing in this chart , steem seem forming bullish FLAG (blue marking) . The resistance seem form at 0.41 cent , and the market price havent break that resistance value . While the chart consistently show bullish flag or triangle and cap by the bullish resistance.
Let zoom in in recent steem progress .
Please put in mind that you have to be carefull on your trading , my explaination is not necessary true because it just how i see the market.
Those red line show minor resistance , you can see sudden drop or bear i those market and it going bullish in next day because the whale player pun huge pending order there that make those correction .
STEEM ON!!!