What is dominance
Dominance is the current percentage holding on crypto market according to the chart the current holding of bitcoin is 53% last year same rate and dominance was there and sudden december 25 came and online shopping lovers start buying bitcoin and crypto market sudden pump steem go high upto 5$ and SBD high to 11$ so history going to repeat.
As i told before that bitcoin dominance is on very high and it should be at least 40% and if it move back to 40% or down it means all the alt markt will sudden jump high .
So my expectation for steem is 10$ with in 1 year as many upcomming news will make steem more stronger from 25 of august new hard fork 20 will start as test mode.
Hardfork 20 and Steem Pump
There are many changes are going to do in hard fork 20 will be completed on september 25.
No more high earning of steem and curation reward will be increase to 25% in 15 minutes.
unusual steem tokens will be burn.
and some other problems are there that will be change and steem coin will pump back and on 1 january the Great SMt token will be releases. SMT is a steem blockchain that will be releases and help to build new apps and tokens on steem.
So SMT will encourage and attract many more investors toward steem . SMT token is like EMC20 ETh based token but it is far different from it and using SMT every commom men will be able to grab investor and produce their own token grab more investment. Due to huge investor in market it will promote steem and more investor toward steem will pump back and it will boost steem market.
Good information?
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This post has received a 21.29 % upvote from @boomerang.
Great Post 😆
I think i still underestimate this Hardfork of Steem!
I hope you are right! Recently my Bitcoin stickers on my camper turned from orange to gold. I'll take that as a good sign!
Yes after bitcoin pump alts will rise heavily
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Good post and it is good to read :)
And I think we see soon steem up 5 or 6 $ also :)
And after this steem go something 10 or 15 $ ... But the upsurge that comes in, I believe it will come fast and suddenly, because all the prices have been squeezed on the market very low and which causes them to quickly rise soon large whales come in again and they want to get everything very cheaply.
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In theory it should be pumped, but who knows in these times. Fingers crossed!
Nice information.