It looks like Steem is currently listed at number 49 on Coinmarketcap.
That's good news because we've been resting somewhere around 53rd place, and it's been kind of distressing. There was a time not too long ago when we were ranked much higher.
The really weird thing is that a lot of coins are in the red right now but Steem is still sitting at $0.30.
Bitcoin even dipped back below $4,000 but Steem is still sitting at 30 cents.
We are one of only a handful of coins that is in the green.
We are up 3.81%.
Bitcoin is down 1.69%.
ETH is down 4.54%.
EOS is down 2.99%.
Bitcoin Cash is down 5.04%.
It's nice to be up when other coins are down.
Maybe this really will be the start of a fantastic year. I can definitely see Steem reaching the top 10 with all the different great things that are happening.
Last year people were talking about $10 Steem. I can definitely imagine $10 Steem. I can imagine $100 Steem.
Now you might be thinking wait a second maybe this is simply the top of the wave and we're going to get back down.
What should I do with my liquid Steem?
To that I suggest that it might not be a bad idea to purchase some Steem monster cards if you've been thinking about it lately.
There is a good chance that we will just keep rising up, but either way. If you wanted to buy some cards I think this is a good time.
Steem is back in the top 50 and feels good baby!
The depressing thing is that at least 60% of the coins above STEEM are actual shitcoins with no working product, utility, or purpose in the real world.
It is depressing and downright perplexing.
As far as I am concerned, there are really only a dozen or so coins that have real world applications that deserve to be in that top 50.
That could be a good thing though. It's going to make it a lot easier for us to rise up quickly once the world gets to know the name Steem.
Agreed @jeezle and @holoz0r. The market has to be filtered and cleaned up to see any prospects of long-term utility.
Value is not necessary related to utility. Precious metals trade above utility value because they are scarce. Steem has been flooded with inflation due to SBD conversions which has pushed us down.
I've always wondered why Steem isn;t more popular, or ratehr Steemit. So many creators I;ve spoken to just thnk it's a scam... I proved to them I cashed out some. "Hmm, sounds like a pyramid scheme"- NO! Giving all your personal data to Facebook, them selling it to marketers while you make nothing for your content AND get algorithmed out of existence if you don't pay is a pyramid scheme.
Ahh, that's a nice argument to make. Instead of giving out everything you own to random and sometimes malicious actors on sites that treat you as a product rather than a customer, Steemit has huge potential to empower its users.
I have tons of connections with creative people who put out fresh content regularly. But, how do I get people to believe in it? Almost everyone I tell about it thinks it's a scam. Especially now that cryptos are low..
Good news indeed! I am rooting for high numbers! 👍😀
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Boom! That’s what I like to see! 🙌🏼
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Finally some good news for the community. Breaking the top 50 barrier and staying there consistently could bring in more users over time. There is a clear correlation, as we saw in the last bull run. An influx of new users, me being one of them.
The true believers continue and we might get rewarded for our patience.
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I’m curious to see where Steem will go this year I’m hoping the platform will bring in some new users and help grow the overall ecosystem.
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The best way to spread Steemit is something we at ReverseAcid do called cross-platform advertisement. We regularly communicate our article info to other platforms such as Twitter and Instagram and Medium, to pull in people from all areas. So far, its been gradually going up. We even made several people sign up to the platform through this.
I might need to do that as well.
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Hopefully the SBD conversions are finished now and the hyperinflation can settle down a bit.
One thing to be positive about is that the volume seems to be kicking now on the upside (green below) rather then the downside (red). Might consolidate for a while longer but seems like a good shift in sentiment.
Agreed. I've been thinking for a while that we were going to dip back down in mid-January but it might not actually happen. It's possible that the rise up has already happened and we are just simply headed up from here.
Who knows but I trust volume more than price.
Whoot whoot!
great news i hope steem be in top 10
Very soon. We are all hoping to see that too.
Good news for some relief... Hope to see its basic position near 30-32
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I definitely think that goal is attainable.